Iran has prioritized developing five new projects that will raise the country’s liquids processing capacity to 3.27mn b/d from 1.86mn b/d, according to Abbas Kazemi, managing director of state-owned refiner NIORDC.
NIORDC will complete the first of three 120,000 b/d condensate splitters comprising Persian Gulf Star at Bandar Abbas by the end of March 2017, Mr Kazemi says. The five projects being prioritized are expected to cost almost $20bn and are among eight with a combined 2.04mn b/d of capacity which NIORDC plans to build in the long term (MEES, 10 June). (CONTINUED - 738 WORDS)
