Iran's Iconic Abadan Refinery Signs $3.4 Billion Deal to Revamp Capacity

JOHANNESBURG--April 11, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Iran's Abadan refinery is building production back to a target of 450,000 barrels per day (BBL/d). Iran's oil ministry has signed a $3.4 billion deal with a consortium of foreign companies to upgrade and rehabilitate the refinery.