...

Iran president to inaugurate 2nd phase of Persian Gulf Star Refinery

Business Materials 27 June 2018 09:58 (UTC +04:00)

Tehran, Iran, June 27

By A. Shirazi - Trend:

The second phase of the Persian Gulf Star Refinery, Iran's largest gas condensate refining company, in the southern port city of Bandar Abbas will be inaugurated tomorrow.

President Hassan Rouhani will inaugurate phase 2 of the Persian Gulf Star Refinery on June 28, Fars news agency reported.

Phase 1 of the refinery was opened by the Iranian president in March 2017.

The completion of the second phase increases its capacity by 120,000 bpd to 240,000 bpd, with the third phase expected to add another 120,000 bpd of capacity.

Iranian Oil Minister Bijan Zangeneh, IRGC officials and other senior officials will be present at the ceremony.

Zangeneh had earlier said that Iran would reach a stable status in gasoline production once the second phase of Persian Gulf Star Refinery comes on stream.

Some 36 million liters of gasoline will be produced at the refinery, once fully becomes operational.

Bringing self-sufficiency for the country in terms of gasoline production, once fully operational, the Middle East's largest processing facility for gas condensate will also play a big role to turn Iran into an exporter of gasoline.

The big work has already started as the first shipment of Euro 5 gasoline produced by Persian Gulf Star Refinery was delivered to Shahid Rajaee port in south of the country in early December last year.

Tags:
Latest

Latest