Shahrokh Khosravani, deputy head of National Iranian Oil Refining and Distribution Company (NIORDC), said the Persian Gulf Star Refinery will end Iran’s import of gasoline.
“With the start-up of Persian Gulf Star Gas Condensate Refinery, imports will completely stop and Iran will even become a gasoline exporter,” he said.
Khosravani said gasoline consumption is predicted to increase five percent every year, adding that Iran is forecasted to consume 70 ml/d of gasoline in the current calendar year to March 2015. Iran is currently producing 60 ml/d of gasoline.
He said Iran’s gasoline production will reach 96 ml/d when Persian Gulf Star refiner becomes operational.
Khosravani said the refinery is now 70 percent complete and that the first phase of the facility is to come on-stream by March 2016.
Persian Gulf Star Refinery is expected to produce 13.5 ml/d of euro-4 gasoil and 36 ml/d of euro-4 gasoline.
So far, 2.6 billion euros has been spent on the project which still needs one billion euros.
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