Iran’s first mini-refinery inaugurated
Baku, Azerbaijan, Feb. 9
By Fatih Karimov - Trend: Iran's first mini-refinery with 5,000-8,000 barrels per day of output was inaugurated.
The mini-refinery has been fully designed and manufactured by Iranian engineers, Iran's Mehr news agency reported on Feb. 9.
The refinery can use gas condensates, crude oil, and naphtha as feedstock.
Iranian Oil Minister Bijan Namdar Zanganeh said the country will double its oil exports within two months if sanctions against it end.
Iran plans to increase crude oil output to 5.7 million barrels per day by 2018, according to Zanganeh.
Iran, with 157 billion barrels of proven oil reserves, holds the world's fourth-biggest oil deposits, according to the BP Statistical Review of June 2014.
Edited by CN