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| Iran to start producing premium gas oil next month |
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Producing high quality gas oil, meeting the Euro-5 standards, will start next month at the Tehran refinery, the National Iranian Oil Production and Distribution Company’s managing director said on Tuesday.
Speaking to reporters on the sidelines of inaugurating three development plans at the Tehran refinery, Alireza Zeighami said that by March 2013, some 50 percent of the domestically-produced gas oil will meet the Euro-5 standards.
He added that a total of one trillion rials (some $ 820 million) has been invested in the development plans, including the desulfurization of gas oil and kerosene.
Deputy oil minister Abdolhossein Bayat said earlier this month that Iran produced more than 40 million tons of petrochemical goods in the last Iranian calendar year, ended on March 20, 2011.
The country also exported 18 million tons of petrochemical products worth $11.6 billion last year, showing a 26-percent increase compared to two years ago, he added.
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