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Iran, China to sign agreement to upgrade Abadan refinery

by ChemOrbis Editorial Team -
  • 20/01/2017 (15:08)
According to media reports, Iran and China will sign a contract, which is worth $3 billion, next month to upgrade the Abadan oil refinery, as part of the plan to increase Iran’s oil refining capacity.

The upgrade plan consists of fixing and improving the quality of the refinery, using new technologies to increase production as well as raising the feedstock which is supplied by Abadan Refinery, sources say.

In late November 2016, Mohammad-Hassan Peyvandi, the Managing Director of Tamin Petroleum & Petrochemical Investment Co (TAPPICO) had mentioned their intention to increase the capacity and efficiency of the refinery with renovations as it was running at low capacity despite its long history.

Abadan Petrochemical Company started its operations in 1969 after the completion of its construction in 1967. The refinery can produce 60,000 tons of PVC, 10,000 tons of dodecylbenzene and 24,000 tons of caustic soda annually.
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