BAKU, Azerbaijan, Aug. 9
By Elnur Baghishov – Trend:
The Tabriz Oil Refining Company in the East Azerbaijan Province (north-western Iran) is taking a step towards becoming one of the 10 largest companies in Asia with the potential to refine 110,000 tons of crude oil per day, Managing Director of the Tabriz Oil Refining Company Gholamreza Bagheri told reporters, Trend reports citing IRNA.
According to him, at present, the Tabriz Oil Refinery accounts for 7 percent of Iran's total crude oil refining capacity and supplies most of fuel needs of the country's north-western part.
Bagheri added that liquefied petroleum gas (LPG), gasoline in accordance with Euro 5 standards, ordinary diesel, diesel in accordance with Euro 5 standards, aviation fuel are the main products produced by this company.
“In addition, the company produces light naphtha, granular sulfur, ethane, butane, hexane, lube cut, base oil, iso feed, iso recycle, solvent 402, 404, 406, benzene, bitumen, reformate and other products,” he said.
The director noted that over the past 10 years, the company has implemented 9 plans worth 363 million euro. As a result of these plans, a new diesel production unit has been set up to process 30,000 barrels of crude oil per day at a cost of 70 million euro.
Also, a unit for the production of 40,000 tons of lubricants per year at a cost of 15 million euro, and a unit for the production of 90,000 tons of base oils per year at a cost of 1 million euro have been set up.
Bagheri stressed that the company is currently creating a number of units. The total cost of these units is 1.26 billion euro. Examples of these units are the gas processing unit at the sulfur plant, the hydrogen purification unit, and the creation of a new sulfur unit.
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