Middle East Economic Survey

VOL. LI

No 30

28-July-2008

IRAN

NIORDC Estimates Refinery Expansion Outlay At 15Bn

National Iranian Oil Refining and Distribution Company (NIORDC) Refinery Affairs Director Aminollah Eskandari estimates that the companys plan to increase total crude distillation capacity from the current 1.65mn b/d to 3.3mn by March 2012 would cost 15bn, according to a 21 July report by the Ministry of Petroleums Shana news service. He said that 8bn would be spent on the construction of...