Addressing a conference on Monday, the official said inauguration of the first phase of Persian Gulf Star Refinery will not only render Iran needless of importing gasoline, it will turn the country into an exporter of petrol.
The first phase of Persian Gulf Star Refinery will come online this year and start producing high-octane gasoline.
After startup of major projects like Persian Gulf Star Refinery, Iran will be even 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 projects first phase becomes fully operational, other phases will come online each after 6 months.