Iran could revise its oil export policy
Iran's oil minister Rostam Qasemi said his country could revise
its oil exporting policies, IRNA news agency reported.
"Since Iran possesses enough of technical knowledge to build its
own oil refineries, and can produce high value products, it can
reconsider its crude oil and condensates export strategy," Qasemi
said.
Iran plans to use its refineries for making other petroleum
products and establishing their export, instead of crude oil.
The minister added that new oil refineries will be built in the
country.
"Iran is able to fully satisfy its domestic need in oil, and it has
also become a major exporter of petroleum products," Qasemi
said.
As an example, Qasemi said the production at Iran's Abadan Refinery
currently stands at 2 million liters of 100LL fuel, which is used
for airplanes and helicopters.
Qasemi also said that currently Iran is able to use domestic
resources for its refineries by about 60 percent, however in the
future it plans cover the refineries-related work by 100
percent.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!