TEHRAN, May 27 (UPI) -- Iran has raised its oil refining capacity by 60,000 barrels a day with development at the Bandar Abbas refinery, the deputy oil minister said.

JAKARTA, March 12 (UPI) -- Indonesian oil company PT Pertamina signed a joint venture shareholder agreement with firms from Iran and Malaysia to build a $6 billion oil refinery plant.

KazMunayGas acquires stake in Rompetrol; Iran to begin new set of projects in south; Sinopec refinery on schedule

TEHRAN, Nov. 21 (UPI) -- Iran aims to hike its crude oil refining capacity to 3.2 million barrels per day from its current 1.7 million barrels by 2012.

WASHINGTON, Dec. 29 (UPI) -- Iran's Oil Minister, Bijan Namdar Zanganeh, announced on Dec. 27 that Iran intends to become one of the world's major producers of petrochemical products. Iran'