National Iranian Oil Refining and Distribution Company
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National Iranian Oil Refining and Distribution Company
National Iranian Oil Refining and Distribution Company (NIORDC) is part of the Ministry of Petroleum of Iran. NIORDC was established on March 8, 1992 and undertook to perform all operations relating to refining and distribution of oil products. Although NIORDC was formed in the 1990s, the company has actually inherited 90 years of Iran?s oil industries' experiences in the fields of refining, transfer and distribution of oil products, as well as, engineering and construction of installations of oil industries.
Responsibilities and duties (2009)
Installations and capabilitiesAccording to Oil and Gas Journal, Iran has a combined capacity of . Major refineries include: Abadan (400,000-bbl/d capacity); Isfahan (265,000 bbl/d); Bandar Abbas (232,000 bbl/d); Tehran (225,000 bbl/d); Arak (150,000 bbl/d); and Tabriz (112,000 bbl/d). Gasoline demand is forecast to be growing at around 11.4 percent per year. Other crude oil refineries are in Kermanshah, Shiraz and Lavan Island.[1] Other facilities:
Fuel importsIn 2008, Iran imported nearly 40% of its gasoline needs because of lack of refining capacity and contraband.[3] Iran purchased nearly all of this imported gasoline from just five companies, four of them European: the Swiss firms Vitol (60%) and Glencore; the Swiss/Dutch firm Trafigura; the French firm Total; British Petroleum; and one Indian company: Reliance Industries.[4][5] The Financial Times said Vitol, Glencore and Trafigura had since stopped supplying petrol to Iran.[6] New facilitiesIn 2007, Iranian Oil Minister Vaziri-Hamaneh noted that the country's oil refining industry needs a $15 billion investment for its development. He also noted that construction of Hormuz refinery in Bandar Abbas city and Abadan city in Khuzestan, each with a daily capacity of 300,000 and , respectively and a gas condensate plant in Bandar Abbas with a capacity of are among Iran's new projects. [7] Going forward, FACTS reports that Iran will complete construction of these three condensate splitters by 2009 (360,000 barrels per day in total). The facilities will produce an estimated of gasoline. Along with other projects to extend capacity at Arak, Abadan and Isfahan refineries, it is possible that Iran will cease being a gasoline importer by 2010 and will become a net exporter by 2013.[8] In December 2008, Iran announced its plans to construct seven oil refineries at a cost of $27 billion by 2013. The production capacity of the country in gasoline and gas-oil will increase by 1.9 and 1.8 million liters per day respectively.[9] Khuzestan refinery, The Persian Gulf Star refinery, Shahriar refinery, Anahita refinery, Hormoz refinery, Caspian refinery and Pars refinery are the seven planned refineries, the Mehr news agency reported. When these refineries are complete, the nation's refining capacity of crude oil and gas condensates will be raised by 1,560,000 barrels while 110 million liters will be added to its gasoline production.[10] Policy
Subsidiary companiesThe NIORDC subsidiaries are as follows:
See also
ReferencesExternal links
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