{"id":9801,"date":"2024-02-13T11:13:32","date_gmt":"2024-02-13T11:13:32","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9801"},"modified":"2024-02-13T11:13:32","modified_gmt":"2024-02-13T11:13:32","slug":"building-petro-refineries-to-increase-irans-refining-capacity-by-30","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9801\/","title":{"rendered":"Building petro-refineries to increase Iran\u2019s refining capacity by 30%"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Iran\u2019s Deputy Oil Minister for Planning Affairs has said constructing petro-refineries across Iran is going to increase the country\u2019s refining capacity by 30 percent, which is from 2.3 million barrels to 3.0 million barrels.<\/p>\n

\u201cCreating capacity and completing the value chain in the oil industry is one of the most important priorities of the Oil Ministry in the 13th government with the aim of preventing crude sales and creating added value for the country,\u201d Houshang Falahatian said.<\/p>\n

International energy companies predict that the demand for petrochemical products will increase significantly in the coming years, and therefore the development of petro-refineries seems a necessity in Iran.<\/p>\n

Due to the country’s benefit from oil and gas resources, the development of petro-refineries is much easier and relatively cheaper in Iran than other countries in the world, and the country can play a role in regulating the price of petrochemical products in the world due to its proximity to energy sources and its capacity for the development of petro-refinery.<\/p>\n

And most importantly, if the country’s petro-refinery capacity can be expanded to the level of crude oil feed produced in the country, the sanctions on Iran\u2019s oil industry will be practically nullified.<\/p>\n

It is why Iran is now serious and determined to develop its petro-refineries, although in previous years, despite the country\u2019s upstream economic plans based on preventing the sale of crude oil and natural gas, and developing refining capacity instead to boost production of export products, there seemed to be no will to build petro-refineries.<\/p>\n

In order to encourage the government and investors to work hard on the development of petro-refinery industry, the Petro-Refinery Development Law was drafted in the Iranian calendar year 1398 (March 2019-March 2020), and then amendments to this law were drafted in the parliament in January 2022.<\/p>\n

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