23 June 2015 - 11:59
  • News Code: 243311
Reinforcing Oil Refining Sector Necessary

TEHRAN June 23(Shana)--A lawmaker has asked for building more oil refineries in the country especially small ones with the participation of private sector.

Abbas Qaeed Rahmat who is a member of the social committee of parliament made the remarks in an interview with Shana, adding expanding oil refining activities in the country can reduce reliance on exports of crude oil.

"We should encourage the private sector to take part in building mini-oil refineries in the country," he told Shana, adding, falling oil prices by 50 percent has given urgency to turning toward production of oil products.

He also said that oil revenues are expected to be used in improving infrastructures so that it helps to boosting competitiveness of oil sector in the world markets.
News Code 243311

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