NIOC and its numerous units - including NPC, NIGC and NIORDC
- are all hoping that Iran's nuclear negotiations with the US-led 5+1 powers will result in an agreement by end-June 2015 (see omt16IranExprt20Apr15 & news16RusIrnProblms20Apr15).
On April 12, 2009 NIORDC
said it expected an agreement on this shortly between the ministry and the IPO.
Former managing director of NIORDC
, Alireza Zeyqami, had told Mehr News Agency in April that the country plans to decrease fuel oil output by 20-27 percent in the current Iranian calendar year (started onMarch 21) in order to produce more valuable products, such as gasoline.
Zeighami also said that NIORDC
had asked the parliament to raise the level of the company's credits, earmarked for expanding investments in the refining sector.
is raising the refinery's fuel storage capacity to over 100m barrels by end-2015 from 72m barrels.
It was said in 2009 that, eventually, NIORDC
was either to improve the buy-back terms or finance the project out of funds to be provided by NIOC.
5 million liters per day are among the other targets of NIORDC
for the Year 2025.
A Deputy Petroleum Minister for Processing, Zeighami is in charge of NIOC's oil refining and products distribution unit NIORDC
and affiliated companies.
The new refining projects require foreign contractors more qualified than locals and NIORDC
is said to lack the funds needed in view of UNSC and unilateral sanctions imposed on Iran by the US, EU, Australia, Canada, Japan and South Korea.
Iranian Oil Minister Bijan Namdar Zanganeh has called on the NIORDC
in the Southeastern province of Khorassan Razavi to increase its exports of oil products to the neighboring countries," Mohammad-Mahdi Qara'ati, the head of the NIORDC
's provincial department, told a news conference today.
plans to increase the refinery's fuel storage capacity to more than 100m barrels by end-2015 from 72m barrels at present.
Managing Director Alireza Zeighami said that Iraq, Armenia, Afghanistan and Pakistan import now or urge to import gasoline and diesel fuel from Iran.