Oil minister: Iran could revise its oil export policy

Photo: Oil minister: Iran could revise its oil export policy / Iran

Azerbaijan, Baku, Feb. 25 /Trend S.Isayev, T. Jafarov/

Iran's oil minister Rostam Qasemi said Iran could revise its oil exporting policies, IRNA 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.

"Right now we have a refinery that is able to refine 10,000 barrels of oil by the private sector. Building of three more 5,000-ton refineries is on agenda," he said.

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