Tag Archives | Bandar Abbas

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 […]

Singaporean Firm wins $98m Iran Desalination Deal

Singapore-based Hyflux Ltd has announced that its wholly owned subsidiary, Hyflux International Pte Ltd, has been awarded a contract by Asia Water Development Engineering Company (AWDEC) to design, manufacture and supply a seawater reverse osmosis desalination package in Bandar Abbas, Iran. The project excludes local marine, civil and structural works, and is valued at approximately […]

15 Projects with over $880m Credit in Hormozgan

President’s arrived at Hormozgan Airport minutes ago to meet with people and open a number of industrial and construction projects in the southern province. Upon arrival at Bandar Abbas International Airport, Dr Hassan Rouhani was welcomed by the Supreme Leader’s Representative to Hormozgan province Ayatollah Gholamali Naeim Abadi, Governor General of Hormozgan province Fereydoun Hemmati, […]

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 […]

China keen to use Chabahr Port to access Pakistan

China Keen to Use Iran’s Chabahr Port to Transit Goods from Gwadar: Official Iran has received a request from China to establish a connection between Pakistan’s Gwadar port – which Chinese companies are developing – and Iran’s southeastern port of Chabahar, an official said. Abdolrahim Kordi, the managing director of Chabahar Free Trade Zone, was […]

Germany’s Siemens Delivers 2nd F-Class Turbine to Iran

Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power station was […]

Russia lends €1.2bn for Iranian Power Plant

By John Lee. Russia’s state-owned Vnesheconombank (VEB) has reportedly agreed to lend Iran’s Bank of Industry and Mines €1.2-billion over five years for the development of the  1,400-MW Hormozgan thermal power plant. According to PressTV, Russian President Vladimir Putin said in February that Moscow would grant a total of €2.2 billion to Iran for two […]

New Gas Condensate Refinery Comes on Stream

The first phase of a new gas condensate refinery constructed in southern Iran by an entity affiliated with the Islamic Revolution Guards Corps (IRGC) came into operation on Sunday. The ‘Persian Gulf Star’ gas condensate refinery came on stream during a ceremony held in the southern province of Hormozgan on Sunday with Iranian President Hassan […]

German Forwarders in Iran Venture

German-based M&M Militzer & Münch GmbH and Andreas Schmid Logistik AG have established a joint venture for international cargo transport. Starting May 1st, the joint venture under the name MMAS Eurasia Logistics GmbH will offer regular services to Iran and the Maghreb region. Dr. Lothar Thoma, CEO M&M Militzer & Münch International Holding AG, said: […]

Tehran, Moscow Start Construction of Power Plant at Bandar Abbas

Iran and Russia have started constructing a thermal power plant in the southern city of Bandar Abbas, a report said. According to the report carried by Sputnik on Monday, Tehran and Moscow began the construction of the thermal power plant during a ceremony attended by Russian Energy Minister Alexander Novak. The plant, with a capacity […]

Iran Launches First Oceangoing Research Vessel

Iran’s first domestically-made oceangoing research vessel was launched in the southern port city of Bandar Abbas on Saturday. It came into service after a ceremony in Bandar Abbas on Saturday morning attended by Rear Admiral Amir Rastegari, managing director of Iran Defense Ministry’s Marine Industries Organization. With a length of 50 meters, a beam of […]

Maersk Expands Operations in Iran

By John Lee. Denmark’s Maersk Line is to operate from a second port in Iran, less than three months after it resumed services to the country following the lifting of sanctions. The company pulled out of Iran in 2012, but having resumed services at Bandar Abbas in October, it has just added the port of Bushehr […]

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, Russia sign $2.5bn Construction, Energy Deals

By John Lee. Trade Arabia reports that Russia and Iran have signed a $2.5-billion deal on construction of a thermal power plant in southern Iran and electrification of a railway line. The power station is to be built in Bandar Abbas, while the railway line connects the towns of Garmsar and Incheborun. The countries also […]

Foreign Firms to Invest $1bn in Iran’s Port Industry

Managing Director of Iran’s Ports and Maritime Organization (PMO) Mohammad Saeednejad said foreign firms are expected to make nearly $1 billion of investment in the country’s port and shipping industry. Since the removal of anti-Tehran sanctions, various foreign delegations have travelled to Iran and expressed willingness to invest in the country’s port and maritime projects, […]

Major Shipping Lines Return to Iranian Ports

By John Lee. The Deputy Managing Director of Iran’s Ports and Maritime Organization (PMO), Jalil Eslami, has said that of the 22 international lines that were active in Iran before sanctions were imposed, 14 of them have resumed their activities in recent months, while eight more have said they intend to do so. They are […]