A contract to construct isomerization and light naphtha treatment units at Tehran Refinery was signed on Wednesday, `Tehran Times' reported on Thursday.
Signed by the National Iranian Oil Refining and Distribution Company (NIORDC) and Chegalesh Engineering Consulting, the Rls 1,120-billion deal will be implemented on EPC (engineering, procurement and construction) basis.
Of the estimated cost, Rls 65 million will be in foreign currency while Rls 370 billion will be in the national currency, NIORDC Managing Director Mohammad Reza Nematzadeh said during the signing ceremony.
He added that the project aims to increase gasoline quality and production of Tehran Refinery by 2 million liters per day.
Chegalesh Engineering Consulting is the main contractor in the project assisted by Bosnian Petrolinvest and Iranian Radira Company.
Petrolinvest has merged 34 percent of its stocks with the French Technip. French Axens Company undertakes the basic engineering for the project.
Tehran Oil Refining Company Managing Director Kazemi said current production capacity of the refinery stands at 8 million liters per day.
© IRNA 2006
