Middle East Economic Survey

VOL. LIV

No 20

16-May-2011

IRAN

Government Allocates Further $600Mn To Persian Gulf Star Refinery

The Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami, told the petroleum ministrys Shana news service on 8 May that the government has earmarked a further $600mn for the construction of the 360,000 b/d Persian Gulf Star refinery in Bandar Abbas. Work on the project began in 2007 and so far $1.4bn has been...