Azerbaijan, Baku, Jan. 28 / Trend F.Mehdi/
The Bandar Abbas refinery, in southern Iran, has increased its refining capacity of gas condensates and crude oil by 25,000 barrels per day taking it to 320,000bpd, ISNA quoted the refinery's director Hashem Namvar as saying.
The refinery accounts for about 19 per cent of the country's total crude oil refining capacity, he added.
The refinery's output includes gasoline, liquefied gas, kerosene, fuel jet, and furnace oil, he said, adding that the refinery makes about $40 million profit per year.
On January 21, ISNA quoted National Iranian Petrochemical Company official Mohammad Ziar as saying that Iran plans to allocate about $8 billion to revamp refineries across the country.
The funds will be spent to enhance efficiency at the Tehran, Arak, Bandar Abbas, and Abadan refineries.
In addition to building new refineries, production is projected to be boosted at all the facilities, Ziar noted.