NTBFs will help improve mazut quality: NIORDC
The National Iranian Oil Refining and Distribution Company (NIORDC) will enjoy domestic new technology-based firms’ (NTBFs) cooperation to accelerate the implementation of a project for improving the quality of mazut.
NIORDC Managing Director Jalil Salari made the remarks in a ceremony to sign a memorandum of understanding (MoU) with an Iranian NTBF on the enhancement of the quality of mazut.
“We now possess the technical know-how to improve the quality of mazut, and intend to carry out the project in low-capacity refineries and then other refineries of the country,” Salari added.
The project has been implemented by domestic companies in Bandar Abbas Oil Refinery, which produces 95,000 barrels of mazut per day, and also in Shazand Imam Khomeini Refinery in a complicated process to upgrade the standards of mazut, he noted.
Shiraz Oil Refining Company is currently producing 1.3 million barrels of mazut per day on average, the NIORDC CEO said, adding the MoU will be soon turned into a contract and its executive operation will start by mid-March 2024.
The deputy minister expressed hope that the implementation of the quality-enhancing project in the country’s refineries will help export mazut.
NIORDC will hopefully take another crucial step toward protecting the environment by desulfurizing the product, he concluded.
The Iranian government has spent heavily in recent years to carry out major renovation projects in refineries, helping boost fuel quality in the country.