Iran plans to double oil, gas refining in 5 years

18 February 2010

Seifollah Jashnsaz, Iran's deputy oil minister and head of National Iranian Oil Co, has announced the country plans to double its refining oil and gas capacity in the next five years, Reuters has reported. Foreign investment in the oil and gas sector was continuing, he noted, pointing to Russia and China, who have stayed close to Tehran despite Western pressure over its nuclear energy programme.

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