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Two oil storage tanks to come on stream at Shiraz refinery in Iran

Business Materials 20 August 2012 10:50 (UTC +04:00)

Azerbaijan, Baku, Aug.20/ Trend F.Milad/

Two oil storage tanks, with the total capacity of 100,000 barrels, will be inaugurated at Shiraz refinery, located in the south of Iran, ILNA News Agency reported.

Construction of the oil tanks will be completed by the end of summer, the report says.

Some 56,000 barrels of crude oil is currently refined per day at the Shiraz refinery. The refinery's nominal output is 40,000 barrels per day.

Iran's oil refining capacity will be increased by one million barrels per day by March 2016, Oil Minister Rostam Qasemi said.

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