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Iran makes breakthroughs in developing oil refineries

Oil&Gas Materials 11 December 2011 14:33 (UTC +04:00)

Azerbaijan, Baku, Dec. 11 / Trend F.Milad/

Iran has made breakthroughs in the oil refining sector and has done its best to benefit from domestic expertise and facilities toward indigenizing the oil industry's technology, the deputy oil minister said.

Issuing licenses by domestic manufacturers, using Iranian-made goods in constructing refineries, and taking advantage of domestic expertise in engineering fields are among the breakthroughs, Alireza Zeighami added, the IRNA news agency reported.

Currently, over 65 percent of the oil industry's needs is being met through domestic sources, he noted.

Based on a report by Iran's ministry of industries and mines, domestic refineries produce 42,952 tons of petrochemicals, of which 15,033 tons are produced under the licence of German companies. In fact, Germany holds a 35 per cent share in Iran's petrochemical production. UK, France and the Netherlands rank the next with 18 per cent share, 12 per cent share and 11 per cent share, respectively.

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