BAKU, Azerbaijan, August 6. The Iranian Shazand Oil Refining Company will save $100 million a year by manufacturing solid petroleum products (pet coke), the company's Managing Director Majid Rajabi told reporters, Trend reports.
According to him, a plant is in the works with a price tag of $450 million, and once it's up and running, it will have a workforce of 4,000 people.
Rajabi said that the plant, a five-unit plant, will produce 90,000 tons of solid petroleum products annually.
The company representative pointed out that the company is producing an average of 16 million liters of gasoline and 12 million liters of diesel fuel daily.
He added that 6.5 million liters of gasoline produced, and the entire volume of diesel fuel produced meet Euro 5 standards.
To note, the Shazand (Imam Khomeini) Oil Refining Company began operations in 1993 with a processing capacity of 150,000 barrels of oil per day.
Currently, the company processes more than 250,000 barrels of oil.
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