Lavan refinery to start jet fuel production in 2012
Azerbaijan, Baku, Nov.8 / Trend F.Milad/
The Iranian Lavan refinery will start producing jet fuel the next Iranian calendar year (it will start on March 21, 2012), the refinery managing director said on Tuesday.
The plan aims to export jet fuel, as a strategic oil product, from the Persian Gulf to international markets, Mohammad-Ali Dadvar told Mehr news agency.
He also said that the refinery will boost gasoline production capacity by three times up to 3.8 million liters per day in spring 2012.
About $500 million will be invested in Lavan refinery's development plan, he said.
The National Iranian Oil Products Distribution Company managing director Jalil Salari said that the neighboring countries, as well as the East Asian countries have stressed their readiness to buy Iranian jet fuel.
Iran started hiking up its jet fuel production capacity after U.S. President Barack Obama signed into law the toughest sanctions against Iran aimed at choking off Tehran's access to refined petroleum product imports like jet fuel and curbing its access to the international banking system, Fars news agency reported.