The Iranian Oil ministry has authorized the construction of two major oil refineries in Khuzestan province, Deputy Governor of Khuzestan province, Faramand Hashemizade said.
According to local press reports, the twin refinery will be built between the towns of Mahshahr and Omidiye, in southeast of Khuzestan, Hashemizade added. It is expected to produce some 200,000 to 250,000 barrels of crude oil per day.
Germany, Britain and China have proposed to invest in the project, the official disclosed.
