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FinancialNews


  • 05-09-20

    Costs of plant feedstock customized moderately

    (MENAFN) Bijan Namdar Zanganeh Iranian Oil Minister has stated that the procedure for pricing of the feedstock for the country's planst has been customized so that all refineries can access their requisite feed with a fair cost.

    Zanganeh stated to IRIB that "Regulations on determining the prices for selling crude oil and feedstock to refineries and purchasing products from them were amended in a fair way that is in line with the interests of both the government and the refineries,".

    Tiping out that the cost of crude oil and feedstock for plants was decided based on the FOB price of the Persian Gulf states in the past Zanganeh stated that "Currently, the Persian Gulf FOB prices do not match the reality of the Iranian market.".

    The Oil Minister as well declared that the launch of numerous new schemes in the approaching week and stated that one of these schemes will be launched in Kermanshah province.

    MENAFN0509202000450000ID1100750608

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