VOL. XLVI

No 17

28-April-2003

IRAN

NIORDC Plans $800Mn Upgrade Of Arak And Bandar Abbas Refineries

The National Iranian Oil Refining and Distribution Company (NIORDC) plans to expand the capacities of the Arak and Bandar Abbas refineries in projects jointly valued at $800mn. Deputy Oil Minister Mohammad Aqaie told reporters on the sidelines of a Tehran exhibition on 20 April that the feasibility study for the Arak project was completed and awaiting the approval of the governments Higher Economic...