BAKU, Azerbaijan, October 21. Iran's Tehran Oil Refining Company plans to improve the quality of its products through $3.5 billion investments, the company's official, Mohsun Siyahpush, told local media, Trend reports.
According to him, the quality of gasoline produced by the company with the construction of the Continuous Catalytic Reforming (CCR) unit will comply with the Euro 5 standard, and the current production capacity will be increased by 1.5 million liters of gasoline per day.
Siyahpush added that one of the projects to increase the quantity and quality of gasoline production at the company is the construction of separate heavy naphtha and light naphtha production units.
With the commissioning of this unit, 500,000 liters of gasoline per day will be added to the production.
Continuous Catalytic Reforming (CCR) is a petroleum refining process that converts low-octane naphtha into high-octane gasoline components and aromatics, allowing for lower pressures and higher temperatures.
Tehran Oil Refinery Company was established in 1967. This company has the potential to refine 250,000 barrels of crude oil daily. Nowadays, in addition to gasoline, the company produces white oil, diesel, vacuum bottoms, solvents, and other products daily. The company's current capital is 275 trillion rials (about $6.55 billion). Bank Saderat, Iranian Investment Company, and Tehran Investment Company are the major shareholders of Tehran Oil Refinery Company, producing an average of seven million liters of gasoline and 14 million liters of diesel daily.
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