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Slide 03
Iran – Fire At Abadan Oil Refinery

Iran – Fire At Abadan Oil Refinery

A fire broke out on Saturday at Iran’s Abadan oil refinery located in the southwest of the country, although state media has reported that the fire was brought under control yesterday.

“The refinery’s fire department contained the fire and prevented it from spreading to other units,” state broadcaster IRIB said on its website, referring to the incident which took place in a canal carrying waste from the refinery.

Built in 1912, Abadan refinery was the first of its kind in Iran and once was the largest in the world. It was heavily damaged during the Iran-Iraq war. It now refines 400,000 barrels of crude every day. Abadan refinery has attracted major foreign investment, with a Chinese firm Sinopec signing a $1.2 billion modernisation deal with Iran’s oil ministry at the facility in 2016. Earlier this year it was announced that Sinopec had invested $2.2 billion in development projects at the refinery since 2017.

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