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Iran to convert 700,000 barrels of heavy crude into light oil

Source: Tehrantimes 4/28/2006, Location: Asia

The oil ministry is planning to build a refinery for turning the country’s produced heavy crude into the light oil, Jamshid Zarkesh, an official in Oil Industry Research Center told the Mehr News Agency. The refinery is slated to turn 700,000 barrels of the heavy oil into the light one with the 33-percent API, he noted without referring to whereabouts of the proposed refinery.

According to the official, the tender on the first unit of the refinery, to turn 10,000 barrels of oil produced at Sorush and Noruz fields, will be held in the near future. The documents of the tender have already been prepared, he added.

Given the current gasoline crisis that is caused by the shortage of light oil in the global markets, construction of the said refinery is of paramount importance, Zarkesh explained.

With the temporary halt in exports from certain oilfields whose products have high API, importance of the project is highlighted more, he further stated.

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