Iran to boost refinery capacity to 3.1 mb/d by 2021

Business Materials 8 July 2016 18:20 (UTC +04:00)

Baku, Azerbaijan, July 8

By Dalga Khatinoglu – Trend:

Iran plans to increase the oil (and gas condensate) refining capacity from the current 1.8 million barrels per day (mb/d) to 3.1 mb/d by March 2021, according an official document seen by Trend July 8.

The document, prepared by Oil Ministry says that three major refineries will become operational by 2021.

The Persian Gulf Star Refinery will add 360,000 b/d, while Siraf Complex, Anahita and Bahman Geno refineries will add 480,000 b/d, 150,000 b/d and 300,000 b/d to the current refinery capacity, the document says.

Iran produced 67.1 million liters per day (mlpd) of gasoline, 89.39 mlpd of gas oil, 10.13 mlpd of kerosene, 64.49 mlpd of fuel oil, as well as 10.66 mlpd of liquid gas during the last fiscal year that ended on March 20, the report said.

The country exported 33.3 mlpd of liquid fuels, mostly fuel oil, which accounted for 82 percent of total oil product exports.

Iran imported 9.98 mlpd of gasoline during the last fiscal year.