TEHRAN (NIORDC) - Iran will be fully operating its biggest gas condensate refinery, Persian Gulf Star, by the end of the current calendar year to March 20 2019.
The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC), Alireza Sadiqabadi, said petrol production of the plant, which is also called the Bandar Abbas Gas Condensate Refinery, would reach 40 million liters per day by the end of the year.
The third phase of the refinery will be commissioned by December, and its operation will stabilize in a matter of two months after its commissioning, the official said.
He also added that the plant was currently supplying 30 ml/d of petrol given the fact that the domestic petrol consumption had risen by nearly 20 percent in the current year.
Sadiqabadi said most of facility"s petrol production capacity was used for meeting the domestic demand for the item, adding the refinery had the required capacity to supply 30 ml/d of Euro-4 petrol.
The NIORDC CEO further added that the petrol output of the refinery could also obtain Euro-5 standards in terms of environmental parameters.
He said Iran"s petrol production capacity had risen by 50 percent since last calendar year and was at 93 ml/d currently.
"By the end of the current calendar year, production of petrol will reach 40 ml/d bringing the country"s total production capacity to almost 117 ml/d," the CEO added.
The plant is also supplying an average of 7 ml/d of gasoil which will reach 12 ml/d once the third phase of the facility comes online.