Iran’s new oil refinery to increase gasoline output from Feb. 5
Azerbaijan, Baku, Feb. 4 /Trend, A.Yusifzade /
Iran's Shazand oil refinery comes on stream Feb. 5 and some 2 million liters per day will be added to the country's gasoline production capacity, Mehr News Agency reported quoting the managing director of the National Iranian Oil Products Refining and Distribution Company Ali-Reza Zeighami as saying.
Subsequently, following the completion of the remaining development phases under the refinery project, the nation's gasoline production capacity would be raised by 16 million liters per day, Zeighami said.
The gasoline production unit of Iran's Abadan oil refinery will also be inaugurated in the next few days. The unit was completed at the cost of US $1 billion and would add over one million liters to the country's daily gasoline production capacity.
The new development plans for the oil refinery industry are focused on reduction of sulfur and other pollutants in order to produce Euro-5 norms-compliant petrol for cars.
Iran increased its gasoline production after the United States and the European Union started approving their own unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran.