Baku, Azerbaijan, Nov. 1
By Emil Ilgar – Trend:
Iran plans to inaugurate the first phase of Persian Gulf Star Refinery by March 2017 and increase the gasoline output to a level that enables gasoline export in August, the Managing Director of National Iranian Oil Products Refining and Distribution Company (NIOPRDC) Abbas Kazemi said Nov.1.
He added that by commencing the first phase, Iran would be self-sufficient in gasoline production, Shana reported.
During last fiscal year (ended on March 20), Iran doubled gasoline import to 9 million liters per day (ml/d), while the figure reached 12 ml/d in the first half of current fiscal year.
Kazemi said that the first phase of Persian Gulf Star Refinery has been developed by 95 percent.
According to Kazemi, currently Iran exports about 500,000 barrels per day of oil products (mostly gas oil and fuel oil), but the figure is expected to reach 650,000 barrels per day by August 2017.
The first phase of Persian Gulf Star Refinery would refine 130,000 barrels per day of gas condensate. The total refining capacity of the project is 360,000 barrels per day.