Project Profile
Value: US$4 billion
Location: Golestan Province, Iran
Refining capacity: 300,000 bpd
Caspian Refinery is a refinery built by Iranian Oil Refining and Distribution Company (NIORDC) in the north of the country, Golestan Province, with Employing Advanced Refining Technologies and with objective to utilise all readily available feed stock, grow presence in regional markets and attract the participation of local and foreign private sectors in refining projects. The capacity of the refinery is 300,000 bpd including gasoline, gas, oil, LPG, kerosene, sulfur, bitumen, propylene. The oil is received from the Caspian Sea Region Countries and the total investment reached the US$4 billion. Regarding the progress of the project ,the site selection report is already prepared and 1,000 hectare of land is purchased for the refinery’s site. A pre-feasibility study has also been prepared, while the Bankable feasibility study is being done by KBC.
Operators:
Iranian Oil Refining and Distribution Company (NIORDC): Operator with 100% interest