TEHRAN -- Contract to construct isomerization and light naphtha treatment units at Tehran Refinery was signed on Wednesday, the Iranian Students News Agency (ISNA) reported.
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.
Out of the said figure, 65 million comes in forex while Rls.370 billion is to be in national currency, NIORDC managing director Mohammad-Reza Nematzadeh said during the agreement ceremony.
He added that increasing gasoline quality and the capacity by 2 million liters per day at Tehran Refinery are the aims sought in this project.
Chegalesh Engineering Consulting is the main contractor which will carry out the project in the cooperation with Bosnian Petrolinvest and Iranian Radira Company. Petrolinvest has already shared 34 percent of its stocks with French Technip. Also, French Axens Company has implemented the basic engineering of the contract.
According to Kazemi, the managing director of Tehran Oil Refining Company, the current gasoline production of the refinery stands at 8 million liters per day.
© Tehran Times 2006
