Iran’s Persian Gulf Star refinery to go full throttle in 2018

Business Materials 31 July 2017 17:34 (UTC +04:00)

Tehran, Iran, July 31

By Mehdi Sepahvand –- Trend:

Iran’s giant Persian Gulf Star refinery will become fully operational in 2018, according to Mohammad Hassan Peyvandi, CEO of Tamin Petroleum and Petrochemical Investment Co. (TAPPICO), the company’s official website reported July 31.

TAPPICO has a 49 percent share in the refinery. The complex was inaugurated in April by President Hassan Rouhani.

The first phase of the project is intended to produce 12 million liters of Euro-4 gasoline, 4.5 million liters of gas oil, one million liter of kerosene and 1.3 million liters of liquefied petroleum gas (LPG) per day.

Once fully operational, the refinery will add over 36 million liters of Euro-4 and Euro-5 quality gasoline to the country’s gasoline production capacity to increase it to 100 million liters per day.

The refinery is the first of its kind designed based on the gas condensate feedstock to run with the capacity to produce 360,000 barrels per day (bpd) of the product.

The facility is fed by gas condensate recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf.

According to Peyvandi, the full operation of the refinery will benefit Iran in two ways. One is that the firm will be a reliable consumer of gas extracted at South Pars Phase 9.

The other benefit, he added, will be the production to the point of self-sufficiency of gasoline, thereby eliminating the need to import it.