Iran increases gasoline production

Oil&Gas Materials 9 July 2011 13:43 (UTC +04:00)

Azerbaijan, Baku, July 9 /Trend/

The National Iranian Oil Company plans to increase gasoline production and to launch three new refineries alongside 15 oil pipelines, Mehr News Agency reported quoting Managing Director of National Iranian Oil Engineering & Construction Company Farhad Ahmadi as saying.

"By improving the quality of Tehran Oil Refinery's production, the country's super gasoline production capacity will increase by more than 3.6 million liters per day," he said.

The National Iranian Oil Engineering &Construction Company plans to install new refineries to improve oil products on Euro4 and 5 standard base.

The second phase of Imam Khomeini oil refinery development will launch on July 23 while the quality improvement process of Tehran Oil Refinery will run on autumn and Bandar Abbas Refinery development plan will operate on February 20, he noted.

Iran will launch 15 pipeline plans to transfer export oil and oil products to harbors and by next solar year (started on March 21, 2012).

Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.