Iran’s gasoline production capacity to rise to 110 million liters

Business Materials 25 January 2013 11:47

Azerbaijan, Baku, Jan. 25 / Trend F.Mehdi/

Seven oil refining projects are underway in Iran, with the goal of boosting gasoline production capacity to 110 million liters per day, IRNA quoted deputy oil minister Alireza Zeighami as saying.

The projects will be inaugurated maximum by the end of the first half of the next Iranian calendar year (September 21, 2013), he added.

The projects include Arak, Lavan, Tabriz, Esfahan, Bandar Abbas, Tehran, and Persian Gulf Star refineries.

Iranian refiners have been obliged to supply gasoline meeting Euro-4 standards since the beginning of the next Iranian calendar year (March 21, 2013), the Mehr News Agency quoted Iranian Standards Organization's Deputy Director Bahador Kazemi as saying on January 12.

The produced gasoline currently meets Euro-2 standards, he said, adding that newly established refineries are able to produce gasoline which meets both Euro-4 and Euro-5 standards.

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

According to Customs Administration data, the 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.

In December 2012, IRNA quoted Ali-Mohammad Sha'eri, the Iranian environment protection department's deputy director, as saying that some 50 million liters of gasoline and diesel, meeting euro-4 and euro-5 standards, will be produced in Iran by the end of the current Iranian calendar year.

The amount of fuel will be produced by Shazand, Tondgouyan, Abadan, and Lavan refineries, he added.

In October 2012, ISNA quoted Zeighami as saying that Iran is currently producing 25 million liters of premium gasoline per day, meeting euro-4 and euro-5 standards.

The country's gasoline output is projected to hit 70 million liters per day by the end of the next Iranian calendar year, he added.

He also said that diesel oil output will reach 95 million liters per day by the end of the current Iranian year, of which 25 million liters meet euro-4 and euro-5 standards.