One million liters of jet fuel to be produced daily

Business Materials 21 September 2012 16:25 (UTC +04:00)

Azerbaijan, Baku, Sep.21/ Trend F.Milad/

The Iranian Lavan Refinery will start producing 1 million liters of jet fuel per day by the next two months, the managing director of the Lavan Refinery stated.

Mohammad-Ali Delavar told the IRNA news agency that the gasoline production unit of the refinery will boost output by 1.3 million liters to 2.8 million liters by the end of autumn.

The refinery's daily crude oil refining capacity is planned to be increased to 50,000 barrels per day from 30,000 barrels per day.

A number of petrochemical projects will come on stream by the end of this year (March 20, 2013), which will boost the country's gasoline output by around 12 million liters per day, to hit 70 million liters per day, the National Iranian Oil Production and Distribution Company's managing director said in May.

Gasoline production units at the Imam Khomeini, Shazand, Abadan, Tondgouyan and Lavan refineries will be put into operation by the end of the year, Alireza Zeighami said.

Iran exported over 132,000 tons of gasoline, worth around $134 million, last year.

According to the Customs Administration, gasoline exports rose by 127 percent in value and 108.5 percent in volume, respectively, compared to the year before.

Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for Iranian gasoline.

Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising refinery capacity and lower fuel subsidies help neutralize Western sanctions aimed at starving Tehran of fuel.