Tag Archives | Bandar Abbas Gas Condensate Refinery

Iran Launches Major Condensate Project

The Islamic Republic of Iran has launched the second phase of the world’s largest gas condensate refinery in its southern city of Bandar Abbas. The first phase of the project, with 12 million liters per day of gasoline production capacity, came on-line in April 2017. Once fully operational, it will have a processing capacity of […]

Iran Saves $5.4bn with Major Condensate Refinery

Inauguration of phases I and II of Bandar Abbas Gas Condensate Refinery has so far saved Iran over 5.4 billion dollars by preventing currency flight. The CEO of the National Iranian Oil Refining & Distribution Company (NIORDC) said ever since inauguration of the project’s first phase back in April 2017, the plant has prevented exit […]

Iran to Launch Major Condensate Project by March

Iran says it is planning to launch the second phase of a major condensate refinery by the end of the current Iranian calendar year which began on March 21. Iranian Minister of Petroleum Bijan Zangeneh told a televised interview that the second phase of Bandar Abbas Gas Condensate Refinery will become operational by March. “Currently, […]

$260m needed to Complete Major Refinery Project

A member of the Iranian parliament says the country will need an investment of 260 million dollars to complete the Bandar Abbas Gas Condensate Refinery. Head of the parliament’s energy committee Fereydoon Hassanvand said with 36,000 ml/d of gasoline production capacity, the project will turn Iran into an exporter of gasoline, generating considerable revenues. “But […]

€260m Loan for Major Refinery Project

The National Development Fund of Iran (NDFI) will be tapped for a 260-million-Euro loan for completing the remaining phases of Bandar Abbas Gas Condensate Refinery Project, an official said. Managing Director of the National Iranian Oil Refining & Distribution Company (NIORDC) Alireza Sadighabadi said on Sunday that the refinery must reach full productivity by March […]

€100m Needed to Launch Phase II of BGCR

A senior Iranian energy official says Iran would require an investment of 100 million Euros for completing phase two of the Bandar Abbas Gas Condensate Refinery. Addressing a press conference on Sunday, Managing Director of the National Iranian Oil Refining & Distribution Company (NIORDC) Alireza Sadighabadi said launching the project would need €100m while its […]