Iran Refiners Plan to Spend $3.3 Billion on Bottom Residue Upgrade Projects, an Industrial Info Market Brief

Iranian refiners are planning product upgrade projects at their refining facilities to cope with growing market demand for petroleum refinery products. The EORC Esfahan Refinery expects to spend $1.8 billion to increase residue production for more profitable products by 2023. Click here for the list of EORC Esfahan refinery projects.

Simultaneously, the AORC Abadan refinery is investing $1.5 billion as part of a bottom upgrading project to modernize its product quality. The AORC project is expected to be commissioned by 2023. Click here for the list of AORC Abadan refinery projects.