Iran plans to add 1.8 million barrels per day (mbpd) to its refining capacity which will reach 3.1 mbpd when several ongoing refinery projects begin operations, a report said.

Some of these projects are underway in Persian Gulf Star Refinery, Siraf Refinery and Anahita Refinery, Fars News Agency, Abbas Kazemi, managing director of National Iranian Oil Products Refining and Distribution Company (NIOPDC) was quoted as saying in the Iran Daily report.

Meanwhile, the Islamic Republic has signed deal to sell 700,000 bpd of oil to Europe, Iran Daily said, quoting Oil Minister Bijan Namdar Zanganeh.

The minister added that European companies will begin investing in Iranian oil, gas and petrochemical industry with the support of their governments.