Oil minister: Iran’s daily refining capacity grows to 2.3M barrels

Oil&Gas Materials 16 September 2019 12:21 (UTC +04:00)

Baku, Azerbaijan, Sept. 16

By Elnur Baghishov - Trend:

The capacity of Iran’s oil refineries increased by 1.8 million barrels of crude oil and 500,000 barrels of gas condensate, said Alireza Sadeq-Abadi, the Iranian oil minister and the managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Trend reports citing IRIB.

He noted that there are 10 plants in Iran, adding that nine of them are oil refineries and one is a gas condensate plant.

“Presently, 12 million tons of fuel of petrochemical are provided by these refineries to the related downstream industry facilities,” he said.

He noted that petrochemical plants with the same names operate near Shazand, Tabriz and Isfahan refineries and their fuel is supplied by these plants.

“There is potential for the establishment of petrochemical facilities near each refinery in Iran,” he said.

He added that Iran’s main strategy is to develop fuel oil units at the refineries. Thus, light fuels such as ethylene and propylene can be used as fuel in the petrochemical industry, he said.