The development plan of Arak's Shazand oil refinery is currently 93.5 percent complete. The unit will entirely come on stream by the end of Iranian month of Shahrivar (September 22), SHANA news agency reported.
The first phase of the project with the capacity to produce 2 million liters of gasoline per day came on stream at the cost of $3.5 billion in February.
Once the second phase of the Shazand oil refinery's development plan come on stream by the end of Iranian month of Khordad (June 21), some 2.7 million liters per day would be added to the refinery's gasoline production capacity.
By completion of the remaining phases of the refinery, the nation's gasoline production capacity would be raised by 12 million liters per day.
The new development plans for the oil refinery industry are focused on reduction of sulfur and other pollutants in order to get Euro-5 standard in production of petrol for cars, Press TV reported.
The Euro-5 is one of the European emission standards which define the acceptable limits for exhaust emissions of automobiles. The emission standards are defined in a series of European Union directives staging the progressive introduction of increasingly stringent standards.
Another significant plan is the production of the Propane, also known as Propylene, which is a waste product created when crude oil is refined into gasoline, diesel fuel and other products.
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