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Iran to increase its oil refining capacity by 1.8 million bpd

by ChemOrbis Editorial Team -
  • 18/04/2016 (17:45)
According to media reports, Iran’s oil refining capacity is expected to increase by 1.8 million barrels per day (bpd) to reach 3.1 million bpd when ongoing refinery projects start their operations. The Managing Director of the National Iranian Oil Products Refining and Distribution Company (NIOPDC), Abbas Kazemi, commented that some of the projects currently underway include the Persian Gulf Star refinery, the Siraf Refinery and the Anahita Refinery.

Previously, Iranian oil minister Bijan Zanganeh stated that Iran signed a deal to sell 700,000 bpd of oil to Europe, adding that European companies, supported by their governments, are expected to start investing in Iran’s oil, gas and petrochemical industries.
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