Iran Aims to Surpass Saudi Oil Refining

[Media Line/Jerusalem Post ] Iran plans to become the most productive oil refiner in the Gulf region by 2012, the director of the Refinery and Oil Products Distribution Company, Aminollah Eskandar, was quoted as saying Thursday by the Tehran Times. According to the plan, estimated to cost $22 billion, Iran will boost its capacity to 3.3 million barrels per day, while Saudi Arabia would reach 3 million only in 2015.

2008-09-19 01:00:00

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