Iran’s Minister of Petroleum Bijan Namdar Zanganeh (file photo)
TEHRAN Feb 24(Shana)–A number of oil refineries will resume their presence on Tehran Stock Exchange in near future.
The decision has been made after some agreements reached on improving the performance of oil refinery and approval of new regulations, Iranian Minister of Petroleum Bijan Namdar Zanganeh said.
Last month, the cabinet approved regulations suggested by the capital market’s Stability Committee on improving the quality of oil products which gives oil refineries a five year time to upgrade the quality of their products including gasoline, gasoil and jet fuel.
Recently head of Security and Exchange Organization (SEO) Mohammad Fetanat announced that six oil refineries have started upgrading with satisfying progress among them Tehran oil refinery as pioneer.
By SHANA