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Gasoline import will decrease by 50% in the summer (June 22 to Sept. 22). the head of National Iranian Oil Products Distribution Company said.
`It is projected that the country will need to import 9 million liters of gasoline per day in the first quarter (March 21-June 21). which will halve in the second quarter.` Mohammad Reza Mousavikhah was also quoted as saying by Mehr News Agency.
According to the official. the amount of gasoline stored in the country indicates a rise of 1.5% compared with last year`s corresponding period while power plants` diesel reserves have doubled in comparison to previous years.
`Were it not for the development of Persian Gulf Star Refinery in the southern province of Hormozgan. NIOPDC would have to import 28 million liters of the strategic fuel daily.` the official said. adding that cutting down on gasoline import is a top priority of Oil Ministry.
The refinery is being developed in three phases with a combined processing capacity of 360.000 barrels per day of condensate. a type of ultra light crude extracted from the giant South Pars Gas Field in the Persian Gulf.
`Once fully operational. the refinery will produce 36 million liters of high-octane gasoline as part of efforts to wean Iran off the import of the fuel product.` he said.
