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Iran’s Lavan Refinery plans to expand mini refineries

Business Materials 21 October 2014 15:44 (UTC +04:00)


Baku, Azerbaijan, Oct.21

By Fatih Karimov - Trend:

Iran's Lavan Refinery, located in southern Hormozgan Province, plans to expand its mini refineries in order to produce high value-added products through making small investments into these refineries.

Mohammad-Ali Dadvar, the managing director of Lavan Refinery, said the plan is aimed to produce high value-added products, such as aromatics using naphtha, Iran's Fars news agency reported on October 21.

Another plan is underway for producing bitumen, industrial oils, Euro-4 gasoline and diesel, he noted.

The projects will cost $400-500 million, he said.

Lavan Oil Refinery also became the first in the country to sell naptha through an energy bourse.

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