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Iran manufactures equipment for gasoline production unit as German firm draws back

Business Materials 15 June 2013 15:10 (UTC +04:00)

Azerbaijan, Baku, Jun.15/ Trend F.Karimov/

Two Iranian companies have manufactured equipment for Tabriz oil refinery's gasoline production unit as a German company has not met its obligation to provide equipment due to international sanctions, the Mehr News Agency quoted Tabriz oil refinery's managing director Adel Nejadsalim as saying.

He added that by the end of the next Iranian calendar month of Tir (July 22) the gasoline production unit will be inaugurated at the refinery and it will start production in the next month.

The new production unit will increase the refinery's gasoline output by one million liters per day to 6 million liters, meeting Euro-4 standard, he said.

At the beginning of 2012, the United States and the European Union imposed sanctions on Iran's oil and financial sectors.

The sanctions, which prevent the EU member states from purchasing Iranian oil or extending insurance coverage for tankers carrying Iranian crude, came into effect on July 1, 2012.

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.

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 National Iranian Oil Production and Distribution Company's managing director Alireza 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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