Japan to optimize Iran’s Abadan Refinery

Business Materials 2 July 2016 15:02 (UTC +04:00)

Tehran, Iran, July 2

By Mehdi Sepahvand – Trend:

Iran’s Refinery of Abadan has signed an agreement with two Japanese companies, namely JGC and Marubeni, to optimize the various units of the refinery.

Said Mahjubi, director of coordination and production monitoring at the National Iranian Oil Refining and Distribution Company, said if the agreement is finalized, its positive impacts will be noticeable in a period of four months, ISNA news agency reported July 2.

He said replacing old units of the refinery with new ones, minimizing the amount of sulfur in oil and gas products, and the production of environment-friendly fuels are among the major topics to be pursued in the course of renovating the refinery.

Once the renovation is completed, the refinery will receive a daily feed of 360,000 barrels of crude to produce Euro-5 products, he stated.

Abadan Refinery is Iran’s biggest refinery. It used to be the world’s biggest refinery until 1979, refining 628,000 barrels of oil per day.

Iran’s Oil Ministry also plans to make improvements to the refinery in order to reduce its mazut output and instead produce high-quality gasoline. The gasoline output is estimated to reach six million liters a day.