Refining

.Exploration and production deals. meanwhile. should keep getting bigger this year. Moody’s said

.NIOC plans to build several oil refineries abroad to expand the country’s oil market

.The Persian Gulf Star Refinery is the biggest of refinery of its kind under construction in Persian Gulf and the Middle East

.Current oil byproducts exports capacity namely diesel and liquefied natural gas stands at 500.000 barrels per day

Iran possessed the largest tanker fleet in the world and the capacity of vessels belonging to NITC has climbed to over 15.5 million tons per year

9 refineries with an aggregate total capacity of 1.73 million barrels are functioning across the country

.Over IRR6.000b has been invested in construction of the pipelin

Resources from the National Development Fund of Iran (NDFI) and OIEC are being tapped to complete the project.

The refinery’s products are expected to be sold domestically due to high quality and other refineries’ output will be exported.

The ISOICO is the only shipbuilding company in the region which builds and repairs ships at different scales.