Iran Oil Refining Capacity to Increase 1.5 Times in 5 Years

Raising the quality and output of oil refineries and building new refineries are on the agenda of the Oil Ministry to help increase Iran's oil refining capacity by 1.5 times in five years, the new oil minister said.
“Development programs are underway to bring the country’s refining capacity, including crude oil and gas condensate, to 3.5 million barrels per day from the current 2.2 mb/d,” Javad Owji was also quoted as saying by the Oil Ministry’s news agency Shana.
"Investors have been identified for generating and developing refining capacity, and they have signed agreements with the Oil Ministry in this regard,” he added.