National Iranian Oil Refining and Distribution Company (NIORDC) inked the agreement with PT Elnusa, a subsidiary of Indonesian state oil and gas firm PT Pertamina, to conduct feasibility studies on the construction of the refinery. The refinery will have a capacity to refine 300,000 barrels of heavy crude per day.
Both
The NIORDC is also negotiating with Singapore’s oil trader Concord Energy to build a new plant which will process and turn ’sour’ condensates (extremely light oil normally found with gas) into refined oil products like jet kerosene.
The plant--also known as a condensate splitter--will have a capacity of 75,000 barrels a day.
The company is studying the economic viability of an oil refinery project in
Meanwhile, National Iranian Oil Company is seeking to increase investments by Iranian energy firms abroad. The company has already undertaking several oil and gas development projects overseas.
Formalities for the presence and operation of Petropars Oil Co. in
Petropars, in collaboration with a Venezuelan oil company, is planning to develop an oilfield in the Latin American state which is the world’s fifth largest oil exporter.
Petropars and PdVSA (
Petropars was also chosen as the consultant company to explore Ayacucho oilfield.
The company is also offering consultant services for developing North Paria onshore gas field in eastern
PIN/FARSNEWS.IR
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