Middle East Economic Survey

VOL. LIII

No 34

23-Aug-2010

IRAN

Iran Earmarks $2.2Bn To Complete Refinery Upgrades

The Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Zeighami said on 17 August that the government has allocated $2.2bn for the completion of seven gasoline production and refinery renovation projects, which are 70% complete on average. He said that the projects would add 12mn liters/day (75,000 b/d) to the countrys gasoline production...