Wednesday, April 25, 2018

Abadan Refinery Will Produce Euro-4 Gasoline Soon

Abadan Oil Refinery in Khuzestan Province plans to start the production of Euro-4 gasoline from early May, as the aging refinery has been overhauled to improve the quality of petroleum products, the refinery’s managing director said.
“The total finance required for the second phase of upgrading Abadan Refinery is $3 billion, which is due to be provided by China’s Sinopec Engineering Company and Iran’s Oil Design and Construction Company,” Esfandiar Daemolzekr was quoted as saying by ILNA on Tuesday.
In an earlier stage, Iran's oldest crude processing facility attracted $1.05 billion in finance from Sinopec in a deal signed in December to develop the phase, Nikkei reported.


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