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€2b Foreign Investment in Abadan Refinery Expansion Since 2017

Sinopec IP and Oil Design and Construction Company of Iran are involved in the venture that includes installing a new crude distillation unit to replace three old  units
€2b Foreign Investment in Abadan Refinery Expansion Since 2017 €2b Foreign Investment in Abadan Refinery Expansion Since 2017

An estimated €2 billion in foreign investment has been made in Abadan Oil Refinery in the southern Khuzestan Province in the past two years, CEO of the National Iranian Oil Refining and Distribution Company said.
"China's Sinopec International Petroleum Exploration and Production Corporation has invested €2 billion in development projects in the refinery since 2017," Alireza Sadeqabadi was quoted as saying by IRNA.
Development plans in the key complex will be carried out in two phases and cost $3 billion, he said.

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