TEHRAN, July 21 (Mehr News Agency) - The Economic Council gave the green light on Saturday to the National Iranian Oil Refining and Distribution Company's (NIORDC) investment valued at $2.2 billion for increasing the refineries' capacity.
In the Economic Council's June 30 session on the Petroleum Ministry's demand, the NIORDC was obliged to receive the permit of the investment from the Department of the Environment (DOE).
The investment sum will go for 12 repair, preservation, and maintenance projects of the refineries in Abadan, Tehran, Lavan, Tabriz, Bandar Abbas, Arak, Kermanshah, Shiraz, Isfahan, and other areas.
Two development projects of refineries' processes in Bandar Abbas and Lavan plus to 11 development projects of oil installations in Abadan, Mahshahr, Tehran, Tabriz, Isfahan, Marun, Eslamabad, Kermanshah, and other regions constitute the other investment projects.
... Payvand News - 7/22/07 ... --