Print        Send to Friend

No Fuel Price Rise Next Year

TEHRAN, Dec. 07 (Shana)

Managing Director of National Iranian Oil Products Refining and Distribution Company (NIOPRDC) Abbas Kazemi has said the next year national budget bill has not envisioned a rise in the prices of petrol and gasoil in Iran. 

Speaking on the sidelines of an international conference on CNG and alternative fuels, the official told Shana, "Like previous years, 5% of fuel revenues will be spent for refinery and pipeline projects in the country next year." 

He further said once phase II of Abadan Refinery comes on-stream, it will be fed by 360,000 barrels of crude oil to produce Euro-5 products. 

Development of Abadan Refinery, the oldest refinery in Iran with over a century history, is defined in 3 phases. In the first phase, capacity of its distillation unit increased from 130,000 to 180,000 b/d has been launched

Phase II is aimed at stabilizing the refinerys current capacity and promotion of its products. 



13:40 - 07/12/2016    /    Number : 10505    /    Show Count : 3014