May 9, 2011 | Press TV (Iran)

Iran to Boost Oil Refining Capacity’

Iran’s daily oil refining capacity will witness a considerable growth in the near future, says National Iranian Oil Refining and Distribution Company (NIORDC).

Corporate Planning Director of NIORDC Hamidreza Seyyed Jafari said Saturday that the total oil refining capacity of the nine Iranian oil refineries will reach 2.14 million barrels per day by the end of the Fifth Five-Year Development Plan in 2015, the official website of the Oil Ministry Shana reported.

The official added that the figure is scheduled to hit 3.4 million barrels a day by 2025.

The Fifth Five-Year Economic Development Plan is part of the 20-Year Outlook Plan (2005-2025), which is the country’s main blueprint for long-term sustainable growth.

Jafari noted that Iran also plans to boost its gasoline storage capacity from the current figure of 11.5 billion liters to 14.5 billion liters by 2015 and to 17.5 billion liters by 2025.

Earlier in the week, Oil Minister Massoud Mirkazemi said that Iran will increase its gasoline production by 22 million liters (5.8 million gallons) per day in the current Iranian calendar year that began on March 21.

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