Iran allocates 50 million Euro to boost gasoline production at Bandar Abbas refinery

Azerbaijan, Baku, Jan. 30 / Trend F.Mehdi/

Iran has allocated 50 million Euro to implement a development plan at Bandar Abbas refinery, aiming to boost gasoline production, IRIB reported.

The refinery's gasoline and diesel fuel production are projected to be increased by 3 million liters and 8 million liters, respectively.

The development plan has progressed by 74 percent so far.

On January 25, IRNA quoted deputy oil minister Alireza Zeighami as saying that Seven oil refining projects are underway in Iran, with the goal of boosting gasoline production capacity to 110 million liters per day.

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.

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.

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.

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