Launching of Persian Gulf Star oil refinery will solve the problem of petrol and diesel fuel quality and quantity in Iran, IRNA news agency quoted Iranian Oil Minister Bijan Namdar Zangane as saying on Friday.
He said Persian Gulf Star oil refinery, construction of which is in progress on the south of Iran, will become the 22nd most important infrastructure project implemented in the country. Minister added that 75% of works have been already completed and added that petrol and diesel fuel manufactured at the plant will correspond to Euro-5 standard.
Zangane added that the first part of the plant is expected to be put into operation in the second half of next year (begins on March 20, 2016). “Total capacity of the oil refinery will be 360,000 barrels of oil a day,” he said.
Minister also added that major part of the petrol manufactured at the oil refinery will be exported.
At present Iran plans to launch four oil refineries to increase petrol production in the country up to 144 million liters, Iranian IRIB TV channel quoted Farhad Ahmadi, Director of the Iranian National Oil Engineering Company.
Putting of these oil refineries into operation will help to increase volume of refining at the oil refineries in Abadan, Anahit, Pars and Shakhriyar up to 210,000, 150,000,120,000 and 150,000 barrels a day, respectively, he added.