Iran eyes March launch for major refinery
TEHRAN, April 28, 2016
National Iranian Oil Refinery and Distribution Company (NIORDC) is planning to launch a major refinery project by March, 2017, a report said.
The first phase of the Persian Gulf Start Refinery, a gas condensate refinery, will go on stream before then, added the Iran Daily report.
The phase will do away with the need to import gasoline, the report said, citing Shana.
The refinery, which will be operated on an EPC basis, is owned by Oil, Gas and Petrochemical Investment Company (49 per cent), Oil Industry Pension Fund (33.1 per cent) and NIORDC (17.9 per cent), according to the report.