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Iran’s Persian Gulf Star refinery 75 percent complete

Business Materials 18 June 2014 16:46 (UTC +04:00)



Tehran, Iran, June 18

By Milad Fashtami - Trend:
The construction of the Persian Gulf Star refinery, located in the south of Iran, is now 75 percent complete.

The first unit of the Persian Gulf Star refinery is expected to come on stream in winter.

The unit was supposed to come on stream by the previous year (March 20).

Shahrokh Khosravani, deputy director of National Iranian Oil Refining and Distribution Company (NIORDC), said that once the Persian Gulf Star refinery's gasoline production unit comes on stream, the country's total production capacity will reach 96 million liters per day

"Then Iran will be able to export the surplus gasoline, which is around 20 million liters per day," he noted, adding that Tehran's gasoline consumption currently is around 70 million liters per day.

He went on to note that the first phase of the Persian Gulf Star refinery (with the capacity to produce 12 million liters of gasoline per day) will come on stream by the end of the next Iranian calendar year (March 20, 2016)

The refinery project consists of three phases, each with the capacity of producing 120,000 barrels of condensates.

The produced gas condensates will be used for producing gasoline, diesel oil, jet fuel and liquid gas, the IRNA News Agency reported.

Over 75 percent of the refinery's gas condensate output will be converted to gasoline and diesel oil.

The refinery is projected to produce 36 million liters of gasoline and 14 million liters of diesel oil on daily basis.

Some $1.5 billion is required to complete the project.

The Mehr News Agency reported on May 1, 2013 that Iran will create a hub for exporting gasoline in the southern city of Bandar Abbas, close to the Persian Gulf, once two gasoline production projects come on stream.

The Bandar Abbas and Persian Gulf Star refineries are projected to produce 50 million liters of gasoline per day.

Gasoline produced by the two refineries will meet Euro-4 and Euro-5 standards.

Four refinery projects are underway in Iran, which will double the country's gasoline production capacity to 144 million liters, IRIB quoted Managing Director of National Iranian Oil Engineering and Construction Company Farhad Ahmadi as saying.

"The projects will boost production at Abadan, Anahita, Pars and Shahriyar refineries by 210,000 barrels, 150,000 barrels, 120,000 barrels and 150,000 barrels per day respectively," he added.

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