Iran crude refining capacity to hit 3mb/d

TEHRAN Sep. 2 (Shana)–Iran’s crude oil refining capacity is to reach 3 mb/d in four years as Petroleum Ministry plan to sell petroleum products rather than crude oil.

 Under President Hassan Rouhani, who took office in August 2013, the country’s crude refining capacity rose from 1.8 to 1.9 mb/d.

Construction of Persian Gulf Star Refinery alone will raise Iran’s crude refining capacity to 2.2 mb/d.

National Iranian Oil Refining and Distribution Company (NIORDC) also plans to sell light and standard petroleum products.

Iran is planning to build a major refining park. The refining park project involves eight gas condensate refineries in Pars Special Economic Energy Zone (PSEEZ) in southern Iran.

The project targets 480,000 b/d of gas condensate production with each refinery accounting for 60,000 b/d.

By SHANA

 

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