Economy, Middle East

Iran to construct 12 new oil refineries

Currently 9 refineries with capacity of 1.73 million barrels function across Iran

Dilara Zengin  | 01.02.2017 - Update : 01.02.2017
Iran to construct 12 new oil refineries



Iran started the construction process for 12 new oil and gas condensate refinery complexes, Arman Moghadam, director of corporate planning and member of the board of directors of the National Iranian Oil Refining and Distribution Company (NIORDC), said Wednesday.

According to Iran's semi official Mehr News Agency, Moghadam noted that currently nine refineries with an aggregate total capacity of 1.73 million barrels are functioning across the country.

Moghadam also stated that Iran enjoys 13 thousand kilometers of pipelines for transmission of crude and petroleum products.

“More than 5,500 petrol, gas oil and compressed natural gas stations are operating in Iran,” he added.

Moghadam underlined that the country needs to optimize and renovate oil refineries in the post-sanction period.

Iran aims to revive its oil and gas sectors in the aftermath of sanctions relief following the nuclear deal between Iran and P5 +1 countries signed in July last year.

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