Financial Tribune - Construction of a large oil refinery and petrochemical plant has begun in Jask county, Hormozgan Province, off the Sea of Oman, manager of the National Petrochemical Company�s Projects Dept said Sunday.

�The aim is to help meet rising domestic demand and also augment exports,� IRNA quoted Ali Mohammad Bosaqzadeh as saying.

Using crude oil, the plant will produce gasoline, diesel, jet fuel and sulfur plus butadiene, polyethylene and propylene products and mono-ethylene glycol.

The company is planning to move its main oil export terminal from the Persian Gulf to the Sea of Oman.