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Aug 25 2012

Iran implements 15 oil pipeline projects

Iran has implemented 15 oil pipeline projects over the past year, National Iranian Oil Engineering and Construction Company Managing Director Farhad Ahmadi said.

He added that some 16,000 kilometers of pipelines are now in operation across the country, the Mehr News Agency reported.

Two other projects for the construction of a 900-kilometer pipeline and a 600-kiometer pipeline are underway, he noted.

Deputy Oil Minister Alireza Zeighami has said that a package of investments worth $47.5 billion has been prepared to develop different sectors of the oil refining and distribution industry, the Mehr News Agency reported.

He also said that the national oil pipeline network will be expanded to 5100 kilometers from 3700 kilometers by 2015.

Some $2 billion should be invested by 2015 to boost the storage capacity of oil products, the official noted.

Iran is now exporting gasoline and diesel fuel to neighboring countries, Zeighami said earlier this month.

© Trend News Agency 2012


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