Iran to launch gasoline production plant in Abadan refinery

Oil&Gas Materials 23 May 2011 17:39 (UTC +04:00)

Azerbaijan , Baku, May 23 /Trend/

Iranian President Mahmoud Ahmadinejad will inaugurate one of the largest gasoline production projects in the country with daily production capacity of 4.6 million liters, Mehr News Agency reported quoting Head of National Iranian Oil Refining & Distribution Company Alireza Zeygami.

Iran will officially launch gasoline production project in Abadan refinery on Tuesday. The country invested more than $820 million on this project.

Abadan refinery will enable to increase the country's gasoline production by 4.6 million liters per day.

Iran aims to develop the Abadan Oil refinery to produce super gasoline with 93 octanes, 250 tons of propylene, 330 tons of gas fuel for petrochemical industry and 100 tons sulfur.

Abadan refinery currently produces 430,000 barrels of oil.

Iran exported non-oil products together with technical and engineering services worth $28.4 billion and oil and gas products worth $66.21 billion in the last Iranian year (ended on March 20, 2011).

Iran possesses the world's second-largest gas reserves and third-largest oil reserves.