Iran downstream oil revenues to rise by $200b

Tehran, Dec 26, IRNA — Iran is expected to see its revenues from downstream oil sector increase by $200 billion in four years, director for strategic planning of Petroleum Ministry said.
  “Iran’s revenues from downstream oil sector sales will increase by $200 billion in four years and then by $100 billion annually,” Saeed Qavampour said.

He said that Petroleum Ministry is suggesting projects mainly in the petrochemical, refining and storage sectors, shana.ir reported.

The projects are expected to be submitted to the government’s Economic Council for final approval.

By IRNA

 

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