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Iran to invest in oil refinery construction in Spain

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/01/2016 (11:41)
According to media reports, Iran is planning to invest in setting up an oil refinery in Spain as a means of ensuring sales of Iranian oil to the country. The refinery is slated to have an oil refining capacity of 200,000 barrels per day (bpd).

Iran will cover half of the costs of the construction while the other half will be covered by Spanish companies, though the details of the proposal have not been finalized yet.
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