Iran: 8 Private Refineries in Pipeline

Click here: Zawya.com – Iran: 8 Private Refineries in Pipeline

Private sector will construct eight refineries, said a National Iranian Oil Refining and Distribution Company (NIORDC) official in the southern city of Abadan, Khuzestan province Thursday. The NIORDC refining affairs manager added the refineries aim to boost oil products output and exports in line with the goals of Vision 2025.

Aminollah Eskandari said the projects include two refineries in Hormuzgan, one in Khuzestan, Pars Refinery in Shiraz, Anahita Refinery in Kermanshah, Shahriar Refinery in Tabriz, second phase of Arak Refinery, and Caspian Refinery in Neka which will have the total daily refining capacity of 1.48 million barrels, according to PIN. He said that domestic refineries currently process 1.7 million barrels of crude per day, adding the figure would rise to two million barrels a day in the future. “Some foreign companies have applied to cooperate in the refining sector,” he said, adding the applications will be studied. The country also plans an investment of 11.7 billion euro on building seven refineries and refining plants to meet the latest European standards.

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