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June 10, 2008       Share:    

Source: http://english.farsnews.com/newstext.php?nn=8703160400

Iran Building Seven Refineries to End Petrol Imports

[Fars News Agency-Iran ] Iran has launched construction of seven oil refineries in an effort to boost its crude and gas refining capacity and achieve energy self-sufficiency. All seven refineries would begin operations by 2012, a senior Iranian official said. Iran is the world's fourth-largest oil producer but lacks sufficient refining capacity and imports large amounts of gasoline which it then sells at a heavily subsidized price, imposing a heavy financial burden on the state.

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