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Iran to stop importing gasoline next year

Business Materials 7 September 2015 14:41 (UTC +04:00)

Baku, Azerbaijan, Sept. 7

By Khalid Kazimov -- Trend:

Iran will stop importing gasoline next year when the Persian Gulf Star refinery's first phase comes on stream, CEO of the National Iranian Oil Products Distribution Company Nasser Sajjadi said.

Iran currently imports 6.4 million liters of the product to meet domestic consumption, he added.

Sajjadi said since the beginning of the current Iranian fiscal year (March 21) a daily average of 72 million liters of gasoline was consumed, IRNA news agency reported September 7.

He added that according to plans made by the Ministry of Petroleum, Iran would become an exporter of gasoline in ten years.

Sajjadi said the Persian Gulf Star's gasoline would meet the Euro-4 standard and two other refineries, namely the Lavan and Bandar Abbas, would also undergo quality improvement to produce Euro-4 gasoline by the end of the current Iranian year.

The Persian Gulf Star refinery will receive a daily amount of 360,000 barrels of gas condensates to produce 36 million liters of gasoline, 14 million liters of gas oil, and 3.37 million liters of jet fuel.

It will also produce 3.81 million liters of liquid gas, 130,000 tons of sulfur, and 468 tons of hydrogen.

Edited by CN

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