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Saturday, December 30, 2006

Iran, refining capacity boost

Iran is to crank up its oil refining capacity in the next few years to meet burgeoning local and international demand, reported Bloomberg citing the IRNA news agency. The country is aiming to hit a refining capacity of 2m barrels per day by 2011 once an assortment of upgrading programmes is completed. It is hoped Iran will be able to process 3.2m bpd by 2021; it can currently refine just over 1.3m bpd.

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