He said Tamin Petroleum & Petrochemical Investment Co. will do its best in the new round of management to expedite implementation of the national project.

He said the Persian Gulf Star project will convert the gas condensates obtained from South Pars joint gas fields to gasoline and other products and derivatives.

He said under the project, crude sale will be avoided and value-added will be gained out of hydrocarbon substances.

He said the project was implemented in recent years at sluggish pace due to financial restrictions, caused by international sanctions, failure to timely procure finances, and managerial changes. 

He put physical progress in the first phase of the Persian Gulf Star Gas Condensate refinery at 95 percent and hoped that the phase will be operational by end of this year on March 20.

The refinery, as the biggest gas condensate refinery in the Middle East, will refine 360,000 barrels of gas condensates a day in three phases.