Iran needs USD3b for Isfahan Refinery establishment

(MENAFN) Iran plans to invest as much as USD3.439 billion in establishing a gasoline production plant at Isfahan Refinery to boost gasoline production by 4.8 million liters per day, according to Iran Daily. The managing director of National Iranian Oil Engineering and Construction Company (NIOEC) said: "The gasoline plant is one of the most important refining projects underway by the NIOEC." The project is designed to decrease fuel oil production, boost gasoline output and conform the quality of gasoline and kerosene to European standards.