|Persian Gulf Star Refinery construction 75% complete||
TEHRAN – Construction of the Persian Gulf Star Refinery in the southern Iranian province of Hormozgan is now 75 percent complete, National Iranian Oil Refining and Distribution Company Managing Director Abbas Kazemi said on Wednesday.
The refinery is projected to come on stream in Iranian calendar year 1394 (March 2015-March 2016), Kazemi said, adding that once the refinery is put into operation, the country will be able to export at least 20 million liters of gasoline per day, the IRNA news agency reported.
The Persian Gulf Star Refinery will produce 12 million liters of gasoline per day in the first phase for domestic consumption, which frees up a surplus 3 million liters produced by other refineries for export, the official said.
The refinery will also produce 14 million liters of diesel, four million liters of liquefied petroleum gas (LPG), and three million liters of jet fuel per day.
On May 30, Kazemi said that 8 million liters of gasoline has been imported to the country on average per day during the first two months of the current Iranian calendar year, and that the figure will remain unchanged by the end of the year.
He put the country’s strategic gasoline reserve at 1.9 billion liters, adding that the figure has increased compared to the previous year.
On May 18, Kazemi said importing gasoline is economically justified for the country.
In recent years, three petrochemical complexes were producing gasoline to meet the domestic need under the international sanctions imposed on the country’s oil sector, the Mehr News Agency quoted Kazemi as saying.
“The domestically produced gasoline was mixed with additives which were imported to improve the quality of fuel. That cost the Oil Ministry a lot. But, for the time being, importing premium gasoline is more economically justified.”
Iran’s daily gasoline imports stood at 3.5 million liters on average in the previous Iranian calendar year, Kazemi stated.
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