Latest Project Trackers

Projects Trackers
Abadan Refinery Upgrading (Phase 2)
21 January 2017
Head of NIORDC, stated that a contract will be signed with the China Petroleum & Chemical Corp. (Sinopec) over phase I of the project to upgrade and stabilize production of Abadan Oil Refinery within the next month.
“The contract over phase I of the project to upgrade and stabilize production of Abadan Oil Refinery will be signed with Sinopec on 18th of February 2017 in the presence of head of Sinopec Group.”
“The letters of credit for phase I of this project has been already opened.”
Projects Trackers
10th Methanol (Kaveh Methanol)
18 January 2017
With a production capacity of 7,000 tons/d, Kaveh Methanol project has made 93.41% headway by late December 2016.
This project was supposed to get on stream in late February 2017.
The required investment to construct this plant is provided by a consortium composed of Iran Bank Mellat, Tejarat Bank and Bank of Industry and Mine (BIM).
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