|  | 


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

The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.