17 February 2017 - 14:16
  • News ID: 275724
Iran Eyes 3mbd Refining Capacity by 2021: Minister

TEHRAN, Feb. 17 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says Iran’s hydrocarbon refining capacity will cross 3 million barrels per day by the end of the 6th five-year development plan to 2021.

Speaking in a televised interview on Tuesday, the official said Iranian refinery facilities can process 1.7 million barrels of oil per day which will reach 3 mbd under the 6th development plan. 

One million of the production capacity will be made possible once Persian Gulf Star Refinery comes fully online. Add to this 480,000 b/d of production capacity by Siraf Refining Park, he said.

Moreover, Shiraz Refinery will also add 120,000 to the refining capacity of the country. 

He said that the rise in refining capacity will come while observing policies of the economy of resistance as instructed by the Supreme Leader of the Islamic Revolution.

He said the county will also begin recovering oil from the oil layer of the supergiant South Pars gas field, which Iran shares with Qatar in Persian Gulf waters by March 20, end of the current Iranian calendar year. 

The recovery will be made possible by a floating production storage and offloading (FPSO) which Iran has recently purchased from South Korea and will begin with 35,000 b/d that will reach 100,000 b/d.
News ID 275724

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