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News ID: 38984
Publish Date : 30 April 2017 - 21:27

New Refinery Gives Iran Petrol Self-Sufficiency



TEHRAN (Dispatches) -- Iran said on Sunday it was now self-sufficient in petroleum production as President Hassan Rouhani opened a refinery in the southern city of Bandar Abbas.
The Persian Gulf Star refinery has the capacity to produce 12 million liters of Euro IV petrol. Once fully operational, the refinery will produce 36 million liters of petrol.
"By the opening of the first phase of this refinery an old dream came true ... We are self-sufficient in petrol production and in near future we will be able to export," Rouhani was quoted as saying by the oil ministry's news agency Shana.
Khatam ol-Anbia Construction Headquarters (KAA), the engineering arm of the Islamic Revolution Guards Corps (IRGC), was one of the main contractors of the project.
Rouhani emphasized that self-reliance in production of gasoline had a strategic importance for the country and described it as a "necessary move”.
Other products of the project after completion would include gas oil (14 mt/d), liquefied petroleum gas (4 mt/d), jet fuel (3 mt/d) and sulphur (130 tonnes per day).  
The feedstock for the Persian Gulf Condensate Refinery – 360,000 barrels per day of condensate – would be provided through a pipeline directly from Iran’s natural gas zone of South Pars.
The construction of the refinery – which is Iran’s first of its kind – started in 2006 but its completion was delayed in what officials say has been a result of sanctions against Iran.