Iran plans to construct five oil refineries in Iraq

Apr 24, 2009 02:00 AM

Tehran and Baghdad are holding talks on the construction of 5 oil refineries in Iraq, including one in the holy city of Karbala, the Iranian deputy oil minister said.
Seyyed Noureddin Shahnazizadeh was quoted as saying that, "In a meeting held recently, the Iranian and Iraqi oil ministers agreed on the construction of a pipeline for transferring crude oil from Basra to Abadan oil refinery. The two sides agreed that each country is responsible for building the part within its borders."

He made the remarks during his visit to the 14th International Oil, Gas and Petrochemicals Exhibition in Tehran. Shahnazizadeh, who is also the National Iranian Oil Refining and Distribution Company's managing director, pointed out that once the Basra-Abadan crude pipeline is constructed, at least 50 % of the needs of the Abadan oil refinery will be supplied from Iraq.
Noting that Iran has exported nearly 800 mm litres of different oil products, including gasoline and gas oil to Iraq, he said these exports will continue until the end of 2009.

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