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Iran Allocates 2.1 Billion Euro To Build Gas Condensates Refinery

Source: Tehran Times

Iran has allocated 2.1 billion Euro so far in establishing the Persian Gulf Star gas condensates refinery in southern Hormozgan province, IRNA quoted Hormozgan Province governor general Ebrahim Azizi as saying. The refinery is the largest gas condensates refinery in the world

Hormozgan Province, Iran (View Larger Map)

The construction of the refinery has progressed by 65 percent, he said, adding that it will add 27.6 million liters to the country's daily gasoline output.

Some €3.6 billion will be invested in the project. The refinery will also produce 14 million liters of diesel fuel, 3.8 million liters of LPG, and 3.3 million liters of jet fuel.

On January 25, IRNA quoted deputy oil minister Alireza Zeighami as saying that seven oil refining projects are underway in Iran, with the goal of boosting gasoline production capacity to 110 million liters per day.

The projects will be inaugurated maximum by the end of the first half of the next Iranian calendar year (September 21, 2013), he added.

The projects include Arak, Lavan, Tabriz, Esfahan, Bandar Abbas, Tehran, and Persian Gulf Star refineries.

Iran exported over 132,000 tons of gasoline, worth around $134 million, last year.

According to Customs Administration data, the gasoline exports rose by 127 percent in value and 108.5 percent in volume, respectively, compared to the year before.

Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for Iranian gasoline.

... Payvand News - 03/10/13 ... --

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