Executive works to build 5th base lubricant refinery begin in Bandar Abbas
Bandar Abbas Executive works to build the 5th base lubricant refinery began on the occasion National Day for Resistance Economy and Entrepreneurship on Wednesday aiming to prevent import of foreign motor-oil.
Addressing the ceremony, Hormuzgan Governor Fereydoun Hemmati said the project is in line with the Strategy of Resistance Economy and surge in production in Bandar Abbas.
The refinery will be built with $150-million investment of MTA Holding and with the capacity of producing 1,000 barrels of base lubricant per day in the Persian Gulf Special Economic Zone.
Source: Islamic Republic News Agency - IRNA