Bandar Abbas to turn into ME largest oil refining region

October 24, 2007

TEHRAN (PIN) – Bandar Abbas, a port in southern Iran, will turn into the largest oil refining region in the Middle East when investment plan and 20 refining and stockpiling projects are implemented.

Out of the 20 projects, some aim to construct new refineries, develop the existing refineries, and transfer and store products that will help update the industry and lift gasoline output from 16 to 36 percent.
The projects also help the southern port refine one million barrels of crude oil per day.
The great objective is achieved through building five giant refineries and carrying out six projects on development, improvement, and optimization of existing refineries and increase of their capacities.
The construction of a gas condensate refinery is the main project that aims to refine 360 thousand barrels of gas condensates produced in Assaluyeh. Gas condensates are used for production of gasoline, jet fuel, propylene, and other valuable products.
Above all, 35 million liters of gasoline is produced daily through making a 1.5 billion euro investment.
The setup of Hormuz super-heavy crude oil refinery in Bandar Abbas is among the important projects. The project requires a three billion euro investment and helps refine 300 thousand barrels of crude and produce 15 million liters of gasoline a day.
The managing director of Bandar Abbas Oil Refining Co. announced that Bandar Abbas Refinery had produced 9.667 million liters of gasoline per day on average during the first half of the current Iranian calendar year (started March 21, 2007).
Alireza Amin told PIN the refinery’s feedstock during the six-month period stood at 267,700 barrels of crude oil a day.