Ali Shahverdi, head of coordination of repair work at extra-regional oil refineries, said Iran will restore the refinery in Syria’s Homs province. The agency reports that Far.
According to Shahverdi, the facility is located in central Syria. The facility will be the second facility that Tehran will renovate.
The expert said, “The second refinery, the restoration of which we will start, is a 120 thousand barrel oil refinery in Homs, Syria.”
He noted that Iran’s presence in extra-regional refineries makes it possible to sell engineering and technical services in addition to oil. Tehran will profit from oil refining if the necessary conditions are created.
Before that, the US Energy Information Administration (EIA) reportedIt was stated that oil production in the USA increased by 1.7 percent compared to August and reached a record level of 13.24 million barrels per day in September 2023.
Previously recognizedWhen oil prices fall to $50 per barrel.