Financial Tribune - Construction of a large oil refinery and petrochemical plant has begun in Jask county, Hormozgan Province, off the Sea of Oman, manager of the National Petrochemical Company’s Projects Dept said Sunday.

“The aim is to help meet rising domestic demand and also augment exports,” IRNA quoted Ali Mohammad Bosaqzadeh as saying.

Using crude oil, the plant will produce gasoline, diesel, jet fuel and sulfur plus butadiene, polyethylene and propylene products and mono-ethylene glycol.

The company is planning to move its main oil export terminal from the Persian Gulf to the Sea of Oman.