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Iran's first private refinery becomes operational

Jolfa, East Azarbaijan Province, June 14, IRNA - Iran's first private oil refinery complex became operational in Aras Free Trade Zone on Thursday.

The private refinery is designed to produce and export more than 73,000 tons of lubricants and oil derivatives to the markets of the region.

Managing Director of the complex gave the investment figure for the complex as more than 70 billion Rials by the private sector and 10 billion Rials by Iran's Bank of Sepah.

Mohammad Sabralilou added, The complex would refine more than 182,500 tons of various kinds of oil products annually and supply them to local and foreign markets.

He notified the objective for construction and operating of the complex as to increase the production capacity and export level of oil products from East Azarbaijan province to the countries of Armenia, Georgia, Afghanistan, Turkey, Pakistan, UAE, Nakhichevan as well as African continent and parts of the Europe.

Kerosene, gas, heavy oil gas, fuel oil and light lubricants are major products of the complex.

... Payvand News - 6/15/07 ... --

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