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Iran says China to invest $2bn in Abadan refinery development

: Thursday, May 29 - 2014 @ 02:07

The managing director of the National Iranian Oil Refining and Distribution Co (NIORDC) has said that China plans to allocate around $2.2bn to implement the development project of Abadan oil refinery in south-western Iran, Fars news has reported. “With the implementation of this project, the quality of products of Abadan refinery, which is the oldest refinery in the country, will be upgraded to Euro-5 grade,” said Abbas Kazzemi.

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Thursday, May 29- 2014 @ 2:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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