TEHRAN: Iran began work on its largest refinery, capable of processing about a half-million barrels per day (bpd) of condensate into petroleum products for export to Asia.
Vice President Eshaq Jahangiri attended the ground-breaking ceremony for the Siraf refinery in Bushehr province. It said the $2.8 billion investment for the project came from the private sector.
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For the next eight months, work will include basic design and construction of joint processing, utility and back-up units after which building of refineries will star.
The refinery will include eight processing units, each with a capacity to turn 60,000 barrels per day of condensate — a light oil extracted with gas — into better value-added products.
The plant will also produce 140,000 barrels of diesel fuel, 30,000 barrels of liquefied petroleum gas and 40,000 barrels of kerosene, the network added.
