Iranian oil refining capacity increases

Iran Materials 6 February 2012 17:00 (UTC +04:00)

Azerbaijan, Baku, Feb. 6 / Trend F.Milad/

Iran has inaugurated a naphtha refining unit and the Tehran refinery
on Monday has started to boost the country's refining capacity by
18,000 barrels per day (bpd), the Pana news agency reported.

Some $200 million have been invested in the project, the report added.

Iran plans to boost its oil refining capacity to 3.5 million bpd by
the end of the next Iranian calendar year (March 2013) from the
current volume of 1.7 million bpd, the deputy oil minister said.

Development plans are underway in seven refineries nationwide, Alireza
Zeighami told Shana news agency, adding that the plans would be
completed by March 2013.

Iran's oil refining capacity increased 18 percent last year, the
biggest growth among OPEC members, according to the Annual Statistical
Bulletin of the 12-member organization.

The capacity rose to 1.74 million barrels a day from 1.47 million in
2009 as facilities in Abadan, Arak, Tehran, Isfahan, Shiraz, Lavan and
Bandar Abbas expanded.