Iran: Oil, gas refining capacity rising, more investment required

Despite all the external challenges like the coronavirus pandemic and the U.S. sanctions, the Iranian oil and gas sector has been developing at a fast pace and the country is passing new milestones in this industry every day. Various sectors of Iran’s oil and gas industry including exploration, production, processing, and distribution are all among the world’s top charts and the country is taking new steps to develop the industry even further. Among different sectors of this industry, refining is a major one being seriously paid attention for development. In a visit to Tehran Refinery on Friday, Iran’s new Oil Minister Javad Oji said that the country’s oil refining capacity will be increased by 1.5 folds by the end of the current government’s incumbency (in four years).