Key insights
- Iran anticipates restoring a significant portion of its damaged refining capacity within two months following recent attacks. While this news mitigates potential supply disruptions, the attacks themselves highlight geopolitical risks in the region. The limited impact reflects expectations that global supply will remain adequate.
DUBAI, April 12 (Reuters) - Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as authorities work to recover from a wave of strikes on energy infrastructure.
Deputy Minister of Oil Mohammad Sadeq Azimifar told the Student News Network that repair work had begun and that part of the Lavan refinery is expected to resume operations within about 10 days, with other units coming back online gradually.