Tag Archives | National Iranian Oil Refining and Distribution Company (NIORDC)

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 […]

€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 […]

NIORDC backs Domestic Manufacturers: CEO

The managing director of the National Iranian Oil Refining & Distribution Company (NIORDC) voiced the company’s readiness to support domestic manufacturers of industrial items and parts in line with the principles of Economic Resilience. NIORDC Chief Alireza Sadighabadi told a press conference on Sunday that the company endorses domestic productions which would materialized economic resilience […]

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 Stopping Gasoline Imports

Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi says that after 36 years, Iran will stop gasoline imports. Kazemi told Shana, “Regarding the refining projects on stream, this year will be final year of offloading gasoline in Iranian ports and as of next year, the import of such a […]

Persian Gulf Star Refinery to open by March 2017

The managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) announced that the Persian Gulf Star gas condensate refinery in south of the country will fully come on stream by March 2017. Since the start of implementation of the nuclear deal between Tehran and six world powers known as the Joint Comprehensive […]

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 […]

Iran to Become Gasoline Exporter Soon

A top Iranian oil official said the country will begin exporting gasoline before the end of President Hassan Rouhani’s first term in office, which ends in just over a year. Speaking to the Tasnim News Agency on Saturday, Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said Iran will […]

Iran to Launch Major Refinery Project

The National Iranian Oil Refinery and Distribution Company (NIORDC) and the Iranian Ministry of Petroleum have plans to launch a major refinery project, Persian Gulf Start Refinery, by the end of the current Iranian calendar year which began on March 20. The first phase of the gas condensate refinery is being prepared and will come […]

Asian Firms to Help Renovate Iran’s Refineries

Iran has said it is working with Asian investors and builders to revamp several of its key refineries. Abbas Kazemi, the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), told the domestic media that an agreement has been signed with companies from South Korea to renovate the refineries in Isfahan and […]

Iran in Talks on Spanish Refinery

By John Lee. Abbas Kazemi, head of the state-run National Iranian Oil Refining and Distribution Company (NIORDC), has said that Iran is in talks to help build a 200,000-bpd refinery in Spain. “The safest way to increase the exports is investment in refineries abroad. On this basis, the petroleum ministry wants to invest in refineries […]

Iran Targets New Investments in Refineries Abroad

Iran is negotiating to buy shares in oil refineries in Europe, Latin America and Asia, its deputy oil minister was quoted this week as saying by Iran’s Mehr news agency. Abbas Kazemi, who is also head of the National Iranian Oil Refining and Distribution Company (NIORDC), said: “Buying the oil refineries or their shares abroad […]