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Hormuzgan Governor General Jassem Jadori announced that the Persian Gulf Star refinery will start its operation in the near future.
The first phase of Persian Gulf Star Refinery will be inaugurated in Bandar Abbas very soon. Jadori said.
He reiterated that once other phases of the refinery are completed. Iran will become self-sufficient in gasoline production with an overall capacity of 211 million liters.
In addition to gasoline. 14 million liters gas oil would be added to the country`s capacity of producing oil derivative. Jadori added.
He reiterated that the refinery is constructed to run with the capacity of refining 360.000 barrels of gas condensates per day. and said. The gas condensates will serve as raw material for production of euro 4 gasoline.
After startup of major projects like Persian Gulf Star Refinery. Iran will be able to export gasoline.
The first phase of the refinery would have a capacity of 120.000 b d of gas condensate.
The refinery is owned by Oil. Gas and Petrochemical Investment Company (49%). Oil Industry Pension Fund (33.1%) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9%).
Once fully operational. the refinery would produce 36 ml d of high-octane gasoline and 14 ml d of gasoil. Other products include 4 ml d of liquefied petroleum gas (LPG). 3 ml d of jet fuel and 130 tons a day of sulfur.
After the project`s first phase becomes fully operational. other phases will come online each after 6 months.
