Tag Archives | refineries

New Refinery to Make Iran Exporter of Gasoline

A new gas condensate refinery constructed in southern Iran by an entity affiliated with the Islamic Revolution Guards Corps (IRGC) will not only help meet the country’s domestic demands for gasoline, but also allow for the export of petroleum, the commander of the IRGC announced. After coming into operation, the ‘Persian Gulf Star’ gas condensate […]

Work Starts to Develop Abadan Oil Refinery

Iran has launched a new project aimed at enhancing the capacity of Abadan Oil Refinery and stabilizing its operation. Located in the southwestern city of Abadan, the refinery will process 360,000 barrels/day of crude oil after the project is complete. Iranian Minister of Petroleum Bijan Zangeneh, attending a ceremony to break grounds for the project, […]

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 […]

India Invests $5.5bn in Iran to Raise Refinery Capacity

By John Lee. A $5.5 billion investment by the Indian Oil Corporation (IOC) will increase the capacity of the firm’s smallest refinery, co-owned by Iran, to 300,000 barrels per day, according to a report from OilPrice. Reuters reports that the project to renovate Chennai Petroleum Corp.’s Nagapattinam refinery will allow Iran to meet demand for […]

Khomeini Refinery Output beats Expectations

Imam Khomeini Refinery has set a new production record by operating at 15 percent of its production plan. Ali Jamshidi, managing director of the facility, has told Shana that the refinery, located in the central province of Markazi, underwent an overhaul project which took 25 years without any accidents this year. He said the refinery […]

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 […]

5 Gas Refineries to be Overhauled

Five refineries of the South Pars Gas Company (SPGC) are to be overhauled to ensure sustainable gas refining in the winter season. Head of the Overhaul and Renovation Section of the company, Ali-Reza Ali-Rezaie Moqadam, told Shana that reliable gas refining in winter season this year will be possible in light of overhaul of the […]

“Mid-tier” Korean Firm wins huge Deal in Iran?

By John Lee. According to a report from Korea Times, South Korea’s Samwoo Engineering and Construction (E&C) has reportedly “signed a memorandum of agreement (MOA) for a plant construction project worth 5 billion euro.” The project is a petroleum refining facility at Zilaee, led by Masjed-Soleyman Petrochemical Industries, which is owned by Iran’s national pension […]

Daelim signs $2bn MoU for Isfahan Refinery

The Managing director of Isfahan Oil Refinery said the facility has signed a memorandum of understanding (MoU) with South Korea’s Daelim for improving production procedures and optimizing the facility. Lotfali Chavoshi said on Monday that the process improvement and optimization plan of the refinery will bring the facility to its golden days. He said the […]

Iran may build Refinery with Kazakhstan

The Director General of the Industry, Mines and Trade Administration of Mazandaran Province in northern Iran said the country is considering building a refinery with Kazakhstan in Amir Abad port of the province. According to IRNA, Mohammad Mohammadpour, during an business meeting between Mazandaran traders and a Kazakh delegation on Sunday, said that the permit […]

Gas Refinery Triples Output in 3 Years

Bidboland Gas Refinery has increased its processing capacity three-fold since 2013, the refinery’s managing director said. Ali Mohammad Pourreza told Shana: “Despite international restrictions in the refinery’s development, we could raise its refining capacity by 300 percent and besides consuming the regional gas outage, take in 3 bcm of gas from the supergiant South Pars […]

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 […]

Daewoo signs MOU to build Iran Refinery

South Korea’s Daewoo Engineering and Construction has announced that it has signed a memorandum of understanding with Iranian energy company Bahman Geno to build an oil refinery in Iran. The Chemcial Engineer reports that the tentative US$10-billion deal will see the companies promise to cooperate to build a 300,000 bbl/d capacity refinery in Bandar Jask, […]

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 […]

Iran Eyes 10,000 Jobs in Major Refinery Project

The Siraf Refinery Project, comprising 8 gas condensate mini-refineries, will generate 10,000 jobs, said a senior official related to the project. Speaking with Shana, Managing Director of Siraf Refineries Infrastructure Company (SRIC) Alireza Sadeqabadi (pictured) said the project is being carried out for production of 480,000 barrels of gas condensate and will be a major […]

Iran plans Joint Oil Refinery in Spain

By John Lee. Deputy Minister of Petroleum, Abbas Kazemi (pictured), has said that Iran would have a 50-percent participation in constructing a refinery in Spain, if the country’s crude oil is totally being supplied by Iran. He told IRNA that Brazil and Spain have voiced the willingness to cooperate with Iran in building oil refineries. […]

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 […]

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 […]

Saipem signs Iran MoU

By John Lee. Italian oil and gas services company Saipem has entered into a Memorandum of Understanding (MoU) concerning potential cooperation on major projects in Iran. The MoU, signed with the Parsian Oil & Gas Development Company (POGDC), “envisages discussions aimed at Saipem’s potential cooperation in revamping and upgrading the Pars Shiraz and Tabriz refineries,” […]