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Essar eyes Iran refinery
- Iran: Saturday, January 06 - 2007 at 08:12
The National Iranian Oil Refining and Distribution Company is in talks with India's Essar Group about the construction of a refinery in Bandar Abbas in southern Iran, reported Reuters. The proposed 300,000 barrels per day plant would involve an investment of more than $2bn and would support Iran's $18bn plan to meet burgeoning domestic fuel demands. Essar is already discussing the setting up of a steel plant in the country.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, January 06 - 2007 at 08:12 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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