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Capacity at Iran refineries to reach 3.2 million b/d: Oil Minister

Isfahan, March 7, IRNA - Oil Minister Gholam-Hossein Nozari said on Saturday that the capacity of the country's refineries will reach 3.2 million barrels a day from the current 1.7 million.

He added that the objective will be materialized by the completion of eight refineries under construction in different parts of the country.

The minister made the remarks while addressing the inaugural ceremony of a private refinery in this central province.

Welcoming investment of the private sector in his ministry's projects, Nozari said great efforts are made to encourage the private sector to make investment in various projects of the Oil Ministry.

Iran's crude deposits are amounted to 138 billion barrels, he said, adding that the Islamic Republic is the second producer of the Organization of Petroleum Exporting Countries (OPEC).

Iran's gas deposits are 28 trillion cubic meters, the minister announced, saying Iran stands second in the world in terms of gas deposits.

European, Asian states keen on oil, gas investment in Iran

Tehran, March 7, IRNA - Deputy head of the National Iranian Oil Company for investment affairs said on Saturday that a number of European and Asian countries held talks with Iranian officials to make investmets in different oil and gas upstream projects in Iran.

Hojatollah Ghanimifard did not name the countries in order to prevent imposing possible international pressures on them for their willingness to invest on the Iranian projects an act which would defy existing trade restrictions enforced by Western states for foreign companies which would intend to establish or promote trade relations with Iran.

"Most of those countries are either negotiating with Iran or have reached final agreements with the country to make investments," Ghanimifard told IRNA.

He added that their names would be mentioned when there would be no international pressures on them for becoming involved in the Iranian projects.

Tehran would announce the countries' names in the future, if an appropriate international atmosphere was created with no pressures on Iran's trade partners, Ghanimifard said.

... Payvand News - 03/07/09 ... --

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