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Foreign firms eye Iran mazut-reduction projects

TEHRAN, February 4, 2016

Japanese and South Korean companies have expressed interest in taking part in the projects for reducing of mazut production at Iranian refineries, a top official said.

“Their investments will be reimbursed by the sale of products,” Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), was quoted as saying in an Iran Project report.

“With introduction of new energies, there will be no market for mazut,” he added, “Government has laid down that refineries have to reduce the mazut output by two per cent a year.”


 




Tags: Iran | Refinery |

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