Iran to produce 12 ml/d gasoline by March 2016

TEHRAN, Aug. 07(MNA) – An Iranian oil official broke the news of tapping the new gasoline refinery with Euro 4 compliant fuel by 6 months.

The Managing Director of Oil, Gas, and Petrochemical Investment Company Mahmoud Shiri told the reporters that the new gasoline refinery called Persian Gulf Star will join the stream by the end of the current Iranian Year in March 2016.

Tapping the first phase of the new refinery, 12 million liter per day of gasoline and 4 million liter a day of diesel will be added to Iran’s daily production according to Shiri.

The fuel production is compliant with Euro 4 standards and four months after the completion of the phase 1, the second and third phases of the project will be completed.

Shiri also recounted that 84% of the project had been built and the 388 kilometer long feeding pipeline of the refinery had gone operational two weeks ago.

About another project, Anahita refinery, the MD of the company added that investing bodies from South Africa and Kuwait have stepped forward to share in the plan and their requests are being considered presently.

Iran is building the Persian Gulf Star Refinery in Assalouyeh at an estimated cost of 3.8 billion dollars. The plant is further expected to produce 360,000 barrels per day of gas condensates on top of jet fuel and other products.

Gasoline production turned into Iran’s strategic vulnerability after the West started imposing sanctions on the country in 2012.

On the order of former President Mahamoud Ahmadinejad, petrochemical units started producing gasoline but President Hassan Rouhani stopped the program due to environmental issues.

Iranian refineries process an average of 63 million liters of gasoline per day, with another 5 million liters imported to cover shortfalls. 

According to Minister of Petroleum Bijan Zangeneh, Iranians burn nearly 70 million liters of gasoline a day in more than 15 million fuel-guzzling vehicles.


News Code 109066


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