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Firefighters Battle Blaze at Petrochemical Complex

Iranian firefighters and helicopters tried on Thursday to extinguish a fire that broke out at Bu Ali Sina petrochemical refinery complex in southwestern port city of Mahshahr a day earlier. A crisis management task force has been established to deal with the fire that started at the complex on Wednesday. An order has been issued […]

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 […]