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  • 15-11-22

    Iran prepares to establish 8 additional petro-refineries

    (MENAFN) Iranian Oil Ministry is preparing to create eight additional petro-refineries in cooperation with the private field, targeting to double output in the oil as well as gas field’s downstream sector.

    The ministry’s arrangement was declared in a gathering of the Government Economic Coordination Headquarters on Monday, IRNA mentioned in a report.

    In this gathering, ruled by Leader Ebrahim Raisi, the Oil Ministry’s preparation for the improvement of the stated petro-refineries in the southern coasts of the nation was offered and it was settled that the National Development Fund (NDF) would contribute in the economics of these ventures utilizing its legal capacities.

    Throughout the meeting, the ministry’s program for surging the nation’s crude oil output volume was also negotiated and it was settled that the administration need to support in supplying sufficient economic resources to the National Iranian Oil Company (NIOC) in this concern.

    The target of this plan, which is estimated to grow Iran's statue in the worldwide oil market in the future, is to surge the regain aspect of the nation’s existing sectors whereas modernizing the nation’s oil extraction tools.

    MENAFN15112022000045014228ID1105183902

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