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Iran Gasoline Exportation to Stream by Next Year

“ Iran will need no more gasoline imports next year when a major refinery being built in the Persian Gulf becomes operational “ the managing director of the National Iranian Oil Products Distribution Company Naser Sajadi said to IRNA.

“Iran would turn to an exporter of gasoline once the Persian Gulf Star Refinery comes on stream next year” .

‘Iranians burn over 72 million liters of gasoline a day since the start of the current Iranian calendar year (started March 21, 2015) of which 6.4 million liters is imported,’ the official added.

On 5th of fabruary Minister of Petroleum Bijan Namdar Zangeneh also insist on same point .

Iran is building the Persian Gulf Star Refinery in Assalouyeh at an estimated cost of 2.5 billion euros. The plant is further expected to produce 360,000 barrels per day of gas condensates on top of jet fuel and other products.

The first unit of the Persian Gulf Star refinery is expected to come on stream in winter.
The unit was supposed to come on stream by the previous year (March 20). The produced gas condensates will be used for producing gasoline, diesel oil, jet fuel and liquid gas, the IRNA News Agency reported

“The Persian Gulf Star refinery is the most important refining project in Iran,” Siamak Adibi, a London-based analyst at Facts Global Energy, said by telephone to bloomberg. “Iran wants to eventually cut condensate exports to zero by using the fuel to make gasoline and becoming self-sufficient.” Iran now imports gasoline to meet domestic demand.

Iranians burn less than 70 million liters of gasoline a day, of which five million liters is imported, the minister said ,Iran would import 8 to 10 million liters daily of Indian premium gasoline.