Baku, Azerbaijan, Nov. 15
By Fatih Karimov - Trend:
Furnace oil is being turned into premium gasoline at Iran's Shazand Refinery, the Mehr News Agency quoted the refinery's director Ali-Akbar Mirqaderi as saying.
The refinery is the most advanced one of its kind in the Middle East turning crude oil residues and furnace oil into gasoline meeting Euro-4 and Euro-5 standards, he said.
The oil refining capacity of the refinery is currently about 25,000 barrels per day, he noted.
It also has the capacity to produce 16 million litres of gasoline meeting the Euro-4 standard, he added.
On October 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran will daily import five to seven million litres of gasoline in the second half of the current Iranian calendar year (ends March 20, 2014).
"We have not ordered imported gasoline from a certain company or country. We simply need to import up to seven million litres of gasoline to increase the country's reserves," the Mehr News Agency quoted Zanganeh as saying.
Zanganeh announced on September 10 that Iran needs to import gasoline to meet its domestic demand.
"Iran's gasoline production capacity will rise by up to seven million litres by the end of the current Iranian calendar year (March 20, 2014), but even then the country's gasoline output would not meet domestic demand," the ISNA News Agency quoted Zanganeh as saying.