VOL. XXXII

NO. 31

8-MAY-1989

IRAN

Arak Refinery Contract Awarded to Japanese and Italian Consortium

Mr. Gholamreza Aghazadeh, the Iranian Oil Minister, announced on 27 Aprilthat the National Iranian Oil Company has awarded a consortium composed of JGCof Japan and Technipetrol (TPL) of Italy a contract to build the 150,000 b/dArak refinery, located some 280 kms. southwest of Tehran in the central Markaziprovince. Construction of Iran's seventh refinery is expected to be completedwithin 40 months...