Projects to Convert Bandar Abbas Refinery Into Petro-Refining Complex

EghtesadOnline: Bandar Abbas Oil Refinery in Hormozgan Province has launched development plans to turn into a petro-refinery, one of which is to become a major petroleum coke producer, the managing director of the refinery said.

News ID: ۷۵۲۴۳۵

19 April 2023

Bandar Abbas Oil Refinery in Hormozgan Province has launched development plans to turn into a petro-refinery, one of which is to become a major petroleum coke producer, the managing director of the refinery said.

“The construction of 15 new processing units, estimated to cost $2.5 billion, has started in the refining complex and is expected to become operational in two years,” Hashem Namvar was also quoted as saying by the Oil Ministry’s news portal Shana.

The project will help reduce the amount of sulfur in mazut from 3.5% to less than 0.5% and convert it to higher value-added products, including sponge coke that is the typical grade of petroleum coke used in steel production, he added.

Namvar noted that the initiative is being carried out with the help of the Research Institute of Petroleum Industry that has indigenized the knowhow of petcoke production for the first time in Iran.