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Iran okays foreign investment in two major projects

Business Materials 16 March 2017 15:24 (UTC +04:00)

Baku, Azerbaijan, Mar. 16

By Emil Ilgar – Trend:

Iranian government has approved foreign investment in two major projects in Iran, Tasnim reports.

According to the report, foreigners can invest in a combined-cycle power plant in Zanjan city as well as in a refinery in Jask city with 300,000 barrels per day of capacity.

The report didn’t elaborate on project details and needed investment.

Iran’s power generation capacity stands at 76 GW and it plans to increase this figure to 100 GW by 2021.

The country’s oil refining capacity stands at about 1.8 million barrels per day (mb/d) and it plans to increase the volume to 3.1 mb/d by 2021.

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