IFP Exclusive

Development plan to fully launch at Iran’s oldest refinery: Official

An official at Iran’s Abadan Refinery says the first phase of a “development and stabilization” plan at the facility in southern Iran will be completed in the first half of the current Iranian calendar year.

Ahmad Farzaneh, the superintendent responsible for development and stabilization at Abadan Refinery, told IRNA on Wednesday that the first phase of the plan — with an investment of 1.2 billion dollars — was already 92 percent complete and would fully launch within the next six months.

Farzaneh explained that the plan was aimed at rendering the refinery profitable, optimizing standards at the facility, and stabilizing its production capacity by building new units and removing old ones.

Under the new plan, he said, the facility’s production capacity of 360,000 barrels per day will be stabilized.

The standard level of products will also increase to Euro-5. According to the official, the share of gas at the facility will stay at 27.9 percent of total output, and diesel fuel at 30 percent.

Abadan Refinery, Iran’s oldest, produces 25 percent of the country’s fuel needs.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Legendary Iranian actress, voice performer Zhaleh Olov passes away

Zhaleh Olov, a celebrated actress of Iranian cinema, theater, television, and a renowned radio voice…

3 minutes ago

Iran says has not in direct contact with Syria’s new rulers

Iran has dismissed any direct contact with the rebel group that has taken power in…

31 minutes ago

Italy warns Russia’s threat to Europe much wider than imagined

Moscow’s threat to Europe extends beyond defense to illegal immigration and cybersecurity, Italian Prime Minister…

35 minutes ago

Deputy FM raps US for holding Iranians hostage

A deputy Iranian foreign minister has criticized Washington for taking Iranian nationals hostage under the…

3 hours ago

Iran’s interior minister warns population crisis looms

Iranian Interior Minister, Eskandar Momeni, has raised alarms over the nation's declining population growth, warning…

3 hours ago

US suggests Ukraine consider ceding territories: El Pais

US President-elect Donald Trump has sent a message to Ukrainian leader Volodymyr Zelensky, asking him…

4 hours ago