BAKU, Azerbaijan, Dec. 16
By Elnur Baghishov - Trend:
Siraf oil refineries complex in Iran’s Bushehr province will receive 200 trillion rials (about $4.7 billion), Iranian Oil Minister Bijan Zanganeh told reporters, Trend reports citing Shana.
Zanganeh noted that the Iranian Oil Ministry has reached an agreement with the Central Bank of Iran in this regard and this amount will be allocated in the form of a loan.
The minister added that Iran’s gasoline production rose 2.2 times from 52 million liters a day, reaching 110 million liters a day during six years (the current Iranian government came to power in August 2013).
“During this period, a lot of work was done at various refineries, including Tabriz, Isfahan, Bandar Abbas, Persian Gulf Star, Abadan and other oil refineries,” Zanganeh said.
The Iranian minister noted that the fuel problem in Iran should be solved not only in oil refineries sphere but also in car production technology sector.
“The use of compressed natural gas fuel should be in the spotlight,” Zanganeh said. “In this case, gasoline that costs 50 cents will turn into gas fuel that costs 20 cents.”
Iran’s Siraf refineries will process 480,000 barrels of oil daily. A total of eight refineries will annually produce 0.5 million tons of liquefied gas, 4.5 million tons of light naphtha, 7 million tons of heavy naphtha, 3.6 million tons of jet fuel and 4 million tons of diesel fuel, which that meets Euro 5 standard.