The first part of the second phase of project, which is aimed at increasing and sustaining Abadan Refinery’s production capacity, was inaugurated in the presence of President Raeisi, Oil Minister Javad Owji, and provincial officials.

Based on the refining project, the largest in Iran and one of the largest in the Middle East, the new phase will produce 210,000 barrels per day (bpd) and increase Abadan Refinery’s daily production to 630,000 barrels.

The new plant’s oil products will include 1.5 percent LPG, 22 percent kerosene and fuel jet, 21 percent gasoline, and 24 percent gas oil, while production of furnace oil in Abadan Refinery will be sharply reduced.

The managing director of Abadan Refinery said the newly-inaugurated plant will increase daily gasoline production to 14 million liters from 10 million liters and gas oil output to 20 million liters from 16 million liters per day.

Hakim Ghayyem added the all-Iranian industrial unit will help produce 30 percent of high-quality gasoline of the country.

Some 2.6 billion euros have been allocated to implement the second stage of the project, of which one billion euros were spent for the first part and 1.6 billion euros will be invested in the second part.

The National Iranian Oil Engineering and Construction Company (NIOEC), as the arm of the National Iranian Oil Refining and Distribution Company (NIORDC), is the project manager and more than 60 companies affiliated to the Oil Design and Construction Company (ODCC) have carried out the project.