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April 30th, 2012 
FAKE NEWS for the Zionist agenda Hassan Khosrojerdi, head of the Iranian Oil, Gas and Petrochemical Products Exporters Union, said on Monday that a refinery with a ten-thousand-barrel capacity requires around USD100 million in investment.
He said since these refineries can be established at various spots around the country, their products can be used to meet domestic needs and for exports.
Khosrojerdi said the construction of the small refineries is an economically viable option for Iran, adding that countries like Kazakhstan, Iraq and Afghanistan have already embraced this new technology.
Iran holds the world’s third-largest proven oil reserves and the second-largest natural gas reserves.
HMV/AZ/HGH
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