Refinery

  • Petrorefinery, Refinery Financing MoU Signed with Banks

    Petrorefinery, Refinery Financing MoU Signed with Banks

    TEHRAN (Shana) – A memorandum of understanding (MoU) has been signed for financing and participation in construction of the 300kb/d Shahid Qassem Soleimani Petrorefinery and 300kb/d Morvarid Makran Refinery with domestic banks and financing institutions.

  • Refinery Strikes $190 mn Transaction

    Refinery Strikes $190 mn Transaction

    TEHRAN (Shana) – Persian Gulf Star Oil Company has managed to trade 6 cargoes of light naphtha and 3 cargoes of naphtha with a total value of $190 million in the Iran Energy Exchange.

  • Kermanshah Refinery Boosting Production Capacity to 40,000 b/d

    Kermanshah Refinery Boosting Production Capacity to 40,000 b/d

    TEHRAN (Shana) -- The oil refining capacity of Kermanshah Refinery will increase to 40,000 barrels per day from 25,000 b/d following implementation of a project to enhance production capacity of the plant.

  • Bitumen Production fully Localized in Iran

    Bitumen Production fully Localized in Iran

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the knowledge of bitumen production in the country has been localized 100% and the status of this industry has been upgraded from the national level to the international level.

  • Online Environmental Monitoring System of Tehran Refinery Operational

    Online Environmental Monitoring System of Tehran Refinery Operational

    TEHRAN (Shana) -- The project of establishing an online monitoring system for the environmental parameters of the flue gas in the furnaces of the southern region of the Tehran refinery was put into operation.

  • MoU Signed to Finance Oil Depot in Bandar Abbas

    MoU Signed to Finance Oil Depot in Bandar Abbas

    TEHRAN (Shana) – A financial memorandum of understanding was signed on Tuesday for construction of Shahid Nader Mahdavi Oil Depot in the southern province of Hormozgan in the presence of Iranian Minister of Petroleum Javad Owji.

  • Connecting to New Export Pipelines, Priority of Refining Industry

    Connecting to New Export Pipelines, Priority of Refining Industry

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said: "In addition to stabilizing the capacity of gasoline production, increasing the number of tanks and connecting to the export lines of petroleum products is one of the important programs pursued in the refining industry."

  • Oldest Refinery in ME to be Renovated with $1.2b Investment

    Oldest Refinery in ME to be Renovated with $1.2b Investment

    TEHRAN (Shana) – The operator of Abadan Refinery Development and Stabilization Project, referring to the contract of the Refinery Development and Stabilization Project with the aim of optimizing and making it profitable, announced that the standard of products and capacity consolidation of the refinery is being implemented by constructing new units and renovation of old units.

  • Iran Exports Petrol, Gasoil in Esfand

    Iran Exports Petrol, Gasoil in Esfand

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of one petrol shipment and three gasoil shipments in the month of Esfand (the 12th month in the Persian calendar which ends on March 20).

  • $18b Allocated to New Refining Projects

    $18b Allocated to New Refining Projects

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Engineering and Construction Company announced the allocation of $18 billion to the development of new refining projects under the Raisi administration.

  • Iran exports Gasoil Shipments to Asia

    Iran exports Gasoil Shipments to Asia

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the export of three shipments of Iranian diesel to Asian countries last month.

  • Refining Capacity of Hormozgan to hit 1.55 mbd

    Refining Capacity of Hormozgan to hit 1.55 mbd

    TEHRAN (NIPNA) – Iranian Minister of Petroleum Javad Owji said that the refining capacity of the southern province of Hormozgan was planned to reach 1.55 million barrels per day.

  • Iran to Develop Refining by Petro-Refineries

    Iran to Develop Refining by Petro-Refineries

    TEHRAN (Shana) -- The head of corporate planning of National Iranian Oil Refining and Distribution Company (NIORDC), Ali Reza Arman-Moqaddam says Iran will have to opt for petro-refineries in order to develop its refining industry. Although a 300,000-b/d petro-refining facility with crude oil feedstock would require $10 billion in investment, incentives are expected to draw in both local and foreign investors.  

  • 6% Rise in Iran Refinery Output

    6% Rise in Iran Refinery Output

    TEHRAN (Shana) -- The director of coordination and supervision of operations of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a 6% increase in the output of Iran’s refineries.

  • Iran Refining Industry Developing

    Iran Refining Industry Developing

    TEHRAN (Shana) -- Development of the refining industry in while regarding environmental obligations, along with growing global demand for petroleum products, is one of the issues that is severely put on the agenda of the Petroleum Ministry. Accordingly, in order to achieve its desired goals in this field, Iran is pursuing a plan to promote the quantity and quality of refined products in the country. Minister of Petroleum Javad Owji has said that contracts had been signed with eight investors for refining about 1.5 mb/d to 1.6 mb/d of crude oil and gas condensate. He added that Iran’s refining capacity was forecast to grow 1.5 times in the next three or four years.

  • Projects under way to Boost Quality of Gasoil: CEO

    Projects under way to Boost Quality of Gasoil: CEO

    TEHRAN (Shana) -- The deputy minister of petroleum for refining and distribution affairs said a number of projects had been defined in order to boost the quality of gasoil in the country.

  • Iran Petrol Consumption Hits 90ml/d

    Iran Petrol Consumption Hits 90ml/d

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) criticized the cessation of development measures in the refining industry during the past years and said: “Completion of development plans for Isfahan and Abadan refineries, construction of a new refinery of 300,000 barrels and development of product transfer and storage industry are among our plans in the new period.”

  • NIORDC Receives Energy Management ISO

    NIORDC Receives Energy Management ISO

    TEHRAN (Shana) – The National Iranian Oil Refining and Distribution Company (NIORDC), by taking the necessary measures, succeeded in obtaining the energy management system certification based on ISO 50001, 2018 edition.

  • Iran Oil Barter Plans for Post-Covid Era

    Iran Oil Barter Plans for Post-Covid Era

    TEHRAN (Shana) -- According to the International Energy Agency (IEA), vaccination against the coronavirus is accelerating the recovery of global crude oil demand. Meantime, Iran has announced plans to undertake oil-for-good deals, which experts say will help circumvent unilateral Western sanctions against the country.

  • Oil Refining Development with Petro-Refineries

    Oil Refining Development with Petro-Refineries

    TEHRAN (Shana) -- Iran's growing need for fuel in the transportation sector and its need for self-sufficiency in the production of required fuel makes it more than necessary for the country to upgrade its refining sector and boost the quantity and quality of its products. This sector was instrumental in helping Iran defeat unjust sanctions imposed on Iran's petroleum industry.

  • Iran Oil Refining Capacity to Hit 3.5mn Barrels

    Iran Oil Refining Capacity to Hit 3.5mn Barrels

    TEHRAN (Shana) -- Iran’s minister of petroleum, Javad Owji, has said that the country’s oil refining capacity would increase to 3.5 mb/d from the current 2.2 mb/d over four to five years. To that end, the minister said, the existing refineries would be quantitatively and qualitatively upgraded, while new facilities would be constructed.

  • 90% of Iran Gas Stations Active

    90% of Iran Gas Stations Active

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said that more than 90% of the gas stations across the country have been activated, adding over 70% of the stations are expected to be linked to the smart fuel system by Friday.

  • 4,000 Filling Stations Running: Min.

    4,000 Filling Stations Running: Min.

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said nearly 4,000 filling stations are up and running in Iran, adding that there is no problem in supplying fuel in the country.

  • No Price Rise Planned for Energy Carriers

    No Price Rise Planned for Energy Carriers

    TEHRAN (Shana) -- The head of the Planning and Budget Organization said denied any increase in the price of energy carriers in the 1401 budget.

  • Development of Refining Industries with Focus on Petro-Refineries on NIORDC Agenda

    Development of Refining Industries with Focus on Petro-Refineries on NIORDC Agenda

    TEHRAN (Shana) -- Deputy Minister of Petroleum for Refining and Distribution Affairs said the Raisi administration is focused on launching petro-refining units industrial developments as energy hub, and at least one new refining unit with petro-refining approach in the refining sector.

  • Owji Visits Ilam Gas, Petrochemical Refinery

    Owji Visits Ilam Gas, Petrochemical Refinery

    ILAM (Shana) – Iranian Minister of Petroleum Javad Owji, following his one-day visit to Ilam Province, went to the Ilam gas refinery and was informed about the current status and development plans for this industrial unit.

  • Owji Appoints Refining, Distribution Deputy

    Owji Appoints Refining, Distribution Deputy

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji issued a decree appointing Jalil Salari as his Deputy and the CEO of the National Iranian Oil Refining and Distribution Company (NIORDC).

  • NIGC Fully Ready for Winter Gas Supply

    NIGC Fully Ready for Winter Gas Supply

    TEHRAN (Shana) – An official with the National Iranian Gas Company (NIGC) voiced gas refineries’ readiness to supply gas in the winter.

  • 5-Month Sulfur Output of Ilam Refinery 25% up Y/Y

    5-Month Sulfur Output of Ilam Refinery 25% up Y/Y

    TEHRAN (Shana) -- The CEO of Ilam Gas Refining Company said that the refinery’s sulfur output has grown by 25 percent in the first five months of this year compared to the same period last calendar year which ended on March 20.

  • Solar Power Plants Launched in Bidboland Gas Refinery

    Solar Power Plants Launched in Bidboland Gas Refinery

    TEHRAN (Shana) -- The CEO of Bidboland Gas Refining Company announced saving of 350 MW of electricity in lighting systems of the plant by taking measures such as launching two solar power plants.