Iran to inaugurate 1st unit of Persian Gulf Star refinery next winter
Baku, Azerbaijan, Feb. Mar. 16
By Rahim Zamanov - Trend:
The first unit of Persian Gulf Star refinery, located in south of Iran, will come on stream next winter, Iranian Tasnim News Agency reported on Mar. 16.
It is while the unit was supposed to come on stream by the end of current year (March 20).
The construction of the Persian Gulf Star refinery is now completed by 70 percent.
Iranian Oil Minister Bijan Namdar Zaganeh blames the delay on mismanagement.
The refinery project consists of three phases, each with the capacity of producing 120,000 barrels of condensates.
The produced gas condensates will be used for producing gasoline, diesel oil, jet fuel and liquid gas, the IRNA News Agency reported.
Over 75 percent of the refinery's gas condensate output will be converted to gasoline and diesel oil.
The refinery is projected to produce 36 million liters of gasoline and 14 million liters of diesel oil on daily basis.
Some $1.5 billion is required to complete the project.
The Mehr News Agency reported on May 1, 2013 that Iran will create a hub for exporting gasoline in the southern city of Bandar Abbas, close to the Persian Gulf, once two gasoline production projects come on stream.
The Bandar Abbas and Persian Gulf Star refineries are projected to produce 50 million liters of gasoline per day.
Gasoline which will be produced by the two refineries will meet Euro-4 and Euro-5 standards.
Four refinery projects are underway in Iran, which will double the country's gasoline production capacity to 144 million liters, IRIB quoted Managing Director of National Iranian Oil Engineering and Construction Company Farhad Ahmadi as saying.
"The projects will boost production at Abadan, Anahita, Pars and Shahriyar refineries by 210,000 barrels, 150,000 barrels, 120,000 barrels and 150,000 barrels per day respectively," he added.