BAKU, Azerbaijan, May 26. Iran plans to launch a new plant under the Tehran Oil Refining Company next year aimed at improving production quality, with the facility expected to produce 1.5 million liters of gasoline meeting Euro 5 standards, Babak Forouzesh, the company's engineering projects manager, told reporters, Trend reports.
He noted that the physical construction of the facility is currently 58 percent complete. The project began four years ago and is designed to reduce sulfur levels and produce reformate—an essential component in gasoline blending.
Forouzesh added that the plant is considered one of the most advanced refining units and plays a key role in enhancing the quality of production.
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.
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