Axar.az
UP
22 July 2019


Iranian Parliament passes bill for boosting gas condensate

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Iranian Parliament has approved the generalities of a bill for increasing the capacity of the country’s oil and gas condensate refineries by domestic investment.

Axar.az reports citing IRNA.

The bill was approved by the MPs during an open session of the parliament, with 136 votes in favor, 32 votes against and three abstentions.

According to the spokesperson for the Parliament’s Energy Committee, Sakineh Almasi, the bill would increase the capacities of gas condensate and crude oil refineries using public investment.

“Construction of refineries is a clever response by Iran to oil sanctions, and helps boosting production and creates new job opportunities,” she said.

It is reported that by 2020, the global demand for oil products will increase by 1.1 percent, while the demand for polymers increases by 3.3 percent, so with this in mind, the creation of a hybrid system of refining and petrochemicals (petro-refinery) seems a necessity.

Date
2019.06.25 / 20:12
Author
Axar.az
Comments
See also

Kuwait calls for restraint after Iran seized British tanker

Putin using pizza to destroy America

US says Venezuela jet aggressively shadowed Navy aircraft

Brexit to have next to no impact on Russia’s economy

Pakistani premier's US visit likely to thaw relations

Hong Kong protests: High security as masses march

Radio exchanges reveal Iran-UK confrontation - Video

Oman urges Iran to release British oil tanker

Pompeo meet with Mexico's foreign minister discuss immigration

Upgrade of Gagarin launch pad to begin after Sept. 25

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla