Experts say a new refinery would need to use imported oil and question how it would be competitive.

The government has become active again amid the US-Iran conflict, taking measures to implement the new oil refinery policy to make the country self-sufficient in oil supplies. The Special Investment ...

Because of an archaic refining infrastructure, America’s oil industry is in the curious position of shipping much of what it extracts to foreign refineries for processing, while importing what it can ...