Iran to inaugurate large gasoline production unit

Oil&Gas Materials 13 March 2013 14:46 (UTC +04:00)

Azerbaijan, Baku, Mar.13/ Trend G.Mehdi/

Iran will inaugurate a gasoline production unit with a daily output of eight million litters, at the Shazand refinery tomorrow, the Mehr News Agency reported.

The produced gasoline will meet Euro-5 standards. President Mahmoud Ahmadinejad is scheduled to attend the inauguration ceremony.

Some seven to eight million litres of furnace oil will be turned into gasoline, liquefied gas, propylene, diesel and kerosene per day at the Shazand refinery.

Currently, some 80,000 barrels of gasoline with an octane number of above 95 is produced using furnace oil at the refinery.

In October 2012, ISNA quoted the National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami as saying Iran is currently producing 25 million litres of premium gasoline per day meeting Euro-4 and Euro-5 standards.

The country's gasoline output is projected to reach 70 million litres per day by the end of the next Iranian calendar year, he added.

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.