Abbas Mohseni Nikou-Gofatar, speaking on Wednesday during a visit by Tehran Province representatives to the refinery, highlighted that the Tehran refinery, with a capacity of 250,000 barrels per day, accounts for 4% of the country’s crude oil processing. The facility consists of two refining complexes, Refinery No. 1 and No. 2.

He noted that the refinery produces approximately 6.5 million barrels of gasoline daily, along with 14 million liters of gas oil.

Mohseni Nikou-Gofatar emphasized that the refinery’s vision is to become a world-class facility with diversified and profitable energy-related businesses. He added that creating value for stakeholders through sustainable production of petroleum products and investing in the country’s energy sector are among the refinery’s key missions.

To achieve these goals, several projects have been initiated, including the production of Euro 5 gasoline through the construction of a CCR unit, low-sulfur fuel oil production, and industrial hexane production. The refinery has also acquired a 52% stake in Arak’s Shazand Petrochemical to complete the value chain.

Other ongoing projects include the construction of a 500-megawatt renewable power plant, a wastewater treatment and transfer system within the refinery, fuel oil quality improvement, a 63-kilovolt substation, flare gas recovery (FGR), hexane production, major refinery overhauls, and used caustic soda treatment.

Mohseni Nikou-Gofatar revealed that the refinery plans to increase its capital investment from approximately 39 trillion tomans to 54 trillion tomans, pending approval from the Securities and Exchange Organization.

About 69% of the refinery’s shares are owned by the Justice Shares scheme, with the remainder held by banks and the First Refinery Investment Fund.

He also highlighted that the Tehran refinery is the first in the country to convert kerosene and gas oil to Euro standards. The refinery’s product output includes 37% gas oil, 21% fuel oil, 14% motor gasoline, 11% vacuum bottom, and 5% jet fuel.

 In 2023, the refinery supplied 48% of the country’s jet fuel, 6% of its gasoline, 12% of its gas oil, 11% of its fuel oil, and 12% of its vacuum bottom.

Addressing the country’s energy imbalance, Mohseni Nikou-Gofatar noted that the refinery increased its daily gasoline production by approximately 1 million liters by receiving light naphtha from the Persian Gulf Star Refinery and utilizing idle capacity in its isomerization unit.

In line with its social responsibility initiatives, the refinery has undertaken several projects, including the construction of a nine-classroom school at a cost of 22 billion tomans, providing drinking and agricultural water to nearby villages at an annual cost of 35 billion rials, and a 190-billion-rial project to supply clean water to Kahrizak.

Quality improvement project

Babak Forouzesh, the company’s engineering projects manager, discussed the gasoline quality improvement project, aimed at preventing the raw sale of naphtha and other products, upgrading gasoline to Euro 5 standards, and increasing production volume. The project is 63% complete and is expected to be operational by winter 2025.

He also mentioned the urban wastewater treatment and transfer project, which aims to treat 52,000 cubic meters of Tehran’s wastewater daily and assist in managing the country’s water crisis. The project is 88% complete and is projected to be operational by September 2025, reducing Tehran’s drinking water consumption by 1.5%.