Azerbaijan, Baku, April 5/ Trend, F. Milad
The first phase of Iran's biggest refinery will come on stream by the end of current Iranian calendar year (March 20, 2014), Iranian Oil Minister Rostam Qasemi said on Friday.
Once the refinery comes on stream, the country's gasoline production capacity will be increased considerably, the ISNA News Agency quoted Qasemi as saying.
Previously, it was announced that the Persian Gulf Star refinery, located in the south of Iran, will be put into operation by the next July.
The refinery project includes three phases, each with the capacity of producing 120,000 barrels of condensates. All the three phases will come on stream by the end of the current year.
Qasemi has previously ordered the allocation of $1 billion for continuing the construction of the Persian Gulf Star refinery.
The project needs a total of $3.5 billion to be completed. Some $350 million has so far been spent on it.
Construction operations at the refinery started in 2007. Once the project is inaugurated, the capacity of the country's oil products will rise more than 35 million liters of gasoline and 14 million liters of gas oil per day.
In addition, the refinery will produce 4 million liters of liquefied petroleum gas (LPG), 3 million liters of jet fuel and 130 tons of sulfur.
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