Iran States Tabriz oil refinery not attacked or damaged: National Iranian Oil Company

Iran States Tabriz oil refinery not attacked or damaged: National Iranian Oil Company

Iran States Tabriz Oil Refinery Not Attacked or Damaged: National Iranian Oil Company

Tehran, Iran — In the wake of Israel's airstrikes on Iran's capital, the National Iranian Oil Company (NIOC) has confirmed that the Tabriz oil refinery, one of the country's most critical infrastructure assets, has not been attacked or damaged. The statement comes as Iran's Revolutionary Guard headquarters in Tehran was set ablaze and multiple sites in the capital were hit by Israeli airstrikes [1].

The Tabriz refinery, located in northwestern Iran, plays a crucial role in the country's oil production and export capabilities. The refinery has a capacity of 450,000 barrels per day and is a key component of Iran's oil industry, contributing significantly to the country's economy [2].

The NIOC's confirmation of the Tabriz refinery's safety follows reports of damage and explosions across Tehran, with multiple residential buildings and other infrastructure affected by the Israeli airstrikes. Israeli Prime Minister Benjamin Netanyahu stated that the country targeted Iran's main enrichment facility in Natanz, the country's ballistic missile program, and top nuclear scientists and officials [3].

While the extent of the damage remains unclear, the NIOC's assurance that the Tabriz refinery was not targeted or damaged is a significant development for Iran's oil industry. The refinery's safety is crucial for maintaining Iran's oil production and export capabilities, which are vital for the country's economy.

The international response to the Israeli strikes has been varied. The U.S. Secretary of State, Marco Rubio, described the strikes as "unilateral action against Iran" and warned Iran not to target U.S. forces in retaliation. Meanwhile, Australia and New Zealand condemned the strikes, with their governments expressing concern over the potential for further destabilization in the region [4].

The Israeli strikes have also led to a closure of airspace over Iraq and Israel, with both countries closing their airspaces to civilian and military flights in anticipation of potential Iranian retaliation [5].

As the situation remains fluid, investors and financial professionals should closely monitor developments in the region. The safety of critical infrastructure such as the Tabriz refinery will be a key factor in determining the impact of the strikes on Iran's oil industry and the broader regional economy.

References:

[1] https://apnews.com/live/israel-iran-attack
[2] https://www.nationaloilcompany.ir/en
[3] https://apnews.com/live/israel-iran-attack
[4] https://apnews.com/live/israel-iran-attack
[5] https://apnews.com/live/israel-iran-attack