Middle East Economic Survey

VOL. L

No 21

21-May-2007

IRAN

Nematzadeh Outlines NIORDCs Products Capacity Expansion Targets

National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director Mohammad Nematzadeh estimated Irans current refining capacity at 1.625mn b/d, at a ceremony at the Tabriz refinery on 12 May. The Ministry of Petroleums PIN news service quoted him as saying that, under a $15-16bn refinery upgrading and expansion program announced last year (MEES, 11 September...