Tag Archives | Bandar Abbas Refinery

€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 […]

Iran in Talks with Japan to Optimize Oil Refining

Iran is finalizing negotiations with two major Japanese companies to improve the efficiency of Tehran’s aging refineries, an official announced. In an interview with Tasnim, Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said Iran has been in talks with Japanese and South Korean companies to optimize oil refining […]

Iran to be Self-Sufficient in Gasoline

Spokesman of Parliament Energy Committee, Assadollah Gharakhani, says once the first phase of Persian Gulf Star Refinery is complete, the country will be self-sufficient in gasoline and will no longer need to import it. Gharakhani told Shana that the refinery will use gas condensate as its feedstock to produce gasoline He said producing high quality […]

Iran Plans big Oil-Refinery Expansion

Iran plans to build five new refineries over the next four years to increase capacity from its current level of 1.85 million bpd to about 3.2 million bpd. Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) told Bloomberg that the country also needs about $14 billion in investment to […]

Minister Updates on Refinery Developments

Iran is to start operating the first phase of Persian Gulf Star Refinery during the second half of the next Iranian calendar year which begins on March 21. The Deputy Petroleum Minister, Abbas Kazemi (pictured), told Shana that the refinery will start producing high-octane gasoline. The Minister, who is also the Managing Director of the […]