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Major Condensate Refinery Operational by Yearend

In a ceremony to launch the distillation unit of the refinery, Iranian Minister of Petroleum Bijan Zangeneh said the project is a top-priority plan in Iran because its will add Iran to the list club of gasoline exporters. 

Once operational, the phase will supply 12 million liters of Euro-4 gasoline, and 4.5 ml of gasoil per day.

"Inauguration of the project has been set as one of the Iranian Ministry of Petroleums top priorities and its progress is being constantly checked by the ministry," he said. 

The official further announced that the phase has so far made over 93% physical progress. 

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%).

One 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.

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