[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.
2008-06-10 01:00:00Full ArticleBACK Visit the Daily Alert Archive