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Iran to become self-sufficient in gasoline production

9 September 2015 15:53 (UTC+04:00)
Iran to become self-sufficient in gasoline production

By Vusala Abbasova

Iran plans to halt all gasoline imports and become a full exporter in 2016, when the first stage of the Setareye Khaleej Farcerefinery will commence operation.

Naser Sajadi, managing director of the National Iranian Oil Products Distribution Company discussed capabilities of the Setareye Khaleej Farce or the Persian Gulf Star in a recent interview to IRNA Agency.

Sajadi added that the country can cover most of its gasoline demand, however Iran is still dependent on imports.

Currently, Iranians burn over 72 million liters of gasoline per day, 6.4 million liters of which was imported since the start of the current Iranian calendar year.

The director also noted that Iran could refuse to import gasoline and would become an exporter of this type of fuel for at least the next ten years after production commenced at the oil refinery.

He said that the Ministry of Oil at the moment is focused on enhancing the quality of the produced oil in the country.

The Setareye Khaleej Farce oil refinery will produce gasoline for this purpose, complying with the Euro-4 environmental standards.

The newly operated refinery will produce 360,000 barrels of gas condensates and 36 million liters of gasoline per day, about 14 million liters of diesel fuel, 4.5 million liters of liquefied petroleum gas, and 370,000 liters of aviation fuel.

In addition, the refinery will produce up to 3,810 million liters of liquefied gas daily, 130,000 tons of sulfur and 468 tons of hydrogen.

The refinery being built in Asaluyeh city is at an estimated cost of 2.5 billion euros (over $2.79 billion), while another oil refinery in Kermanshah in western Iran is currently being built.

Iran currently produces more than 2.8 mb/d of crude oil. It is to resume its pre-sanctions oil production at 3.8 mb/d by mid-2016.

However, the unstable situation in oil markets, as plunging oil prices from above $108 in first half of 2014 to the current under $50 per barrel, has significantly influenced the oil policy of the country.

Iran recently announced its readiness to add 0.5 million barrels per day (mb/d) of crude oil to its production as the sanctions on Iran are eliminated in late 2015, while additional 0.5 mb/d of crude oil production was planned in five to six months after sanctions removal.

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