He said Siraf project is the first of kind by Iran’s petroleum industry, adding that this is the first time feeding refineries is put to tender.
“The size of these refineries has been such that besides being economical, the private sector could invest in. To that effect, eight 60,000-b/d gas condensate refineries have been envisaged,” said the minister.
“After the construction of these refineries, we will no longer have any condensate for exports and an important step would have taken for preventing crude sales,” he said.
The project is expected to come on-stream in three years. The Siraf refineries would produce gasoil, jet fuel, liquefied petroleum gas (LPG) and naphtha.
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