Shazand oil refinery to fully come on stream in 30 days

Azerbaijan, Baku, Nov.30 /Trend F.Milad/

The Shazand oil refinery development plan will be finished in the next 30 days, the Iranian Oil Minister Rostam Qasemi said on Friday.

The project will come on stream at a cost of 3.5 billion dollars, the IRIB quoted Qasemi as saying.

By implementing the project, the refinery's gasoline output would be increased to 16 million litres from the previous figure of four million litres.

Qasemi said on September 21 that Iran will boost its gasoline production capacity by 10 million litres in the near future.

"Once the third development phase of the Abadan Oil Refinery and the RFCC unit of the Shazand Refinery come on stream, the country's gasoline output will be increased by 10 million litres," he said, the Mehr news agency reported.

Iran exported over 132,000 tons of gasoline worth around $134 million, last year.

According to the Customs Administration data, gasoline exports rose by 127 per cent in value and 108.5 per cent in volume respectively, compared to the previous year.

Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for Iranian gasoline.

According to official government data, Iranian gasoline imports have slumped by as much as 95 per cent over the last four years as rising refinery capacity and lowering fuel subsidies help neutralise Western sanctions aimed at starving Tehran of fuel.

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