Ahmad Adib said the project would become operational should no financial shortages come up.
After startup of major projects like Persian Gulf Star Refinery, Iran will be even able to export gasoline.
Adib said the first phase of the refinery would have a capacity of 120,000 b/d of gas condensate.
The refinery is owned by Oil, Gas and Petrochemical Investment Company (49%), Oil Industry Pension Fund (33.1%) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9%).
Once fully operational, the refinery would produce 36 ml/d of high-octane gasoline and 14 ml/d of gasoil. Other products include 4 ml/d of liquefied petroleum gas (LPG), 3 ml/d of jet fuel and 130 tons a day of sulfur.
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