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9 Refining Projects Coming Online up to June 2013

Source: www.gulfoilandgas.com 5/20/2012, Location: Asia

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Development plans at Imam Khomeini (Shazand) and Lavan oil refineries, upgrading and boosting capacity at Shahid Tondgouyan (Tehran), Tabriz and Isfahan oil refineries, gasoline making unit of Bandar Abbas oil refinery as well as Abadan oil refinery’s development plan third phase will coming on stream up to the end of current government term headed by president Ahmadinejad up to June 2013.

Managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami, made the above remarks in a meeting with journalists on Tuesday evening.

Zeighami said under the parliament’s legislations; the National Development Fund no longer supports construction of Persian Gulf Star and Anahita oil refineries financially therefore the financial needs of the two projects should be met through other channels.

Just 10 percent of Persian Gulf Star oil refinery’s shares are owned by the state and the remainder of the shares is private, the official said, adding it is expected needed funds to be met through foreign investment.

On building Pars Field oil refinery, which will be fully Iranian made, NIORDC’s managing director noted that the refinery would keep going ahead under the fifth five year development plan legislations, adding NIORDC may assume 20 percent of its shares.

Bandar Abbas oil refinery’s gasoline making project is going on well and will come on line in June 2013 before ending the term of 10th Government.

He also said up to now seven oil refineries had been transferred to private sector under the article 44 of the constitution which emphasizes on boosting private sector participation in projects.

80 percent of refining activates has been transferred to private sector and the state is in charge of the remaining 20 percent, the official said, adding oil distribution companies, gas pipelines, telecommunications and engineering subdivisions are also in line of transferring to private sector.

A number of important refining projects will be inaugurated this year including pipeline and development plans of oil refineries, Zeighami concluded.

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