Baku, Azerbaijan, Nov. 8
By Fatih Karimov– Trend:
Iran will cut gasoline imports by February 2018, Mohammad Reza Mousavikhah, managing director of the National Iranian Oil Products Distribution Company (NIOPDC), said.
The gasoline output of Iran’s giant Persian Gulf Star refinery will reach 12 million liters per day, Mousavikhah said, the public relations office of NIOPDC said in a statement on Nov. 8.
He added that the refinery’s gasoline output currently stands at 10 million liters 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 the South Pars gas field which Iran shares with Qatar in the Persian Gulf.
The country’s average daily gasoline consumption stands at 82 million liters.
Mousavikhah further said that Iran has stopped diesel exports from Sept. 22, in a bid to store the product for meeting the thermal power plants’ fuel demand in cold season.
Iran’s diesel output currently stands at 20 million liters per day.