Channels

Iran investing $46 billion in refineries
Iran is investing $46 billion in building new oil refineries and upgrading its existing facilities, Deputy Oil Minister Alireza Zeighami said in a report posted on the ministry's website.

 

The official said more than half of this investment, around $26 billion, is solely for building new refineries by the end of the current development plan to 2014, the website shana.ir reported on Sunday. Of the 26 billion dollars, about 8.5 billion dollars has already been disbursed, the report said. (AFP)