Iran inaugurates third phase of Persian Gulf Star Refinery

[raptor22]

Iran inaugurates third phase of Persian Gulf Star Refinery

The third phase of Iran's Persian Gulf Star Refinery was inaugurated in the southern city of Bandar Abbas on Wednesday, increasing millions of liters to the refinery's gasoline output.

"The capacity of the refinery to produce gasoline will increase by 14 million liters through inauguration of the third phase," Managing Director of the Refinery Mohammad-Ali Dadvar said, reported Shana.

He added at present 31 million liters of gasoline is produced in two phases of the refinery, while the volume will increase to 45 million liters after the third phase will be fully operational.

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Each of the three phases of development are designed to produce 12 million litres a day (Ml/d) of Euro-IV grade gasoline, 4.5Ml/d of Euro-IV diesel, 1Ml/d of kerosene and 300,000l of liquefied petroleum gas (LPG) a day.

Despite being a major oil producer, Iran used to import gasoline to fill the gap between domestic supply and consumption. The imports turned into Iran’s strategic vulnerability after the West imposed sanctions on the country in 2012.

The Persian Gulf Star Refinery is owned by the Oil, Gas and Petrochemical Investment Company (49 percent), Oil Industry Pension Fund (33.1 percent) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9 percent).

Billed as the Middle East's largest condensate refinery, it enables Iran to export gasoline and other high-value products.

It also has a processing capacity of roughly 360,000 barrels of gas condensate.

In January, 2018, Iran sold its first consignment of naphtha produced at the Persian Gulf Star Refinery to the United Arab Emirates.

There is already a strong demand in Asia for naphtha which is used to produce products such as ethylene and propylene, the building blocks of plastics. Strong economic growth in countries such as India is expected to generate fresh interest in the product.



& already:

Work Starts on Iran's Persian Gulf Star Refinery Phase 4

 

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[Śakra]

Is this for domestic consumption? From my understanding Iran usually sells crude (unrefined) oil instead of refined goods. Or is this a market Iran is trying to break into?

 

[Sineva]

Is this for domestic consumption? From my understanding Iran usually sells crude (unrefined) oil instead of refined goods. Or is this a market Iran is trying to break into?

Irans been producing and exporting refined petrochemicals in ever increasing amounts since the early 2000s,indeed sanctions only helped this trend yet further.In fact the saudis have started following iran with plans to begin massive production of value added refined petrochemicals themselves.Where iran is very fortunate tho,is that much of the feedstock for this comes from the enormous south pars gas field which gives iran a huge advantage over anyone else in the region in the production of these commodities.

 

[Śakra]

Irans been producing and exporting refined petrochemicals in ever increasing amounts since the early 2000s,indeed sanctions only helped this trend yet further.In fact the saudis have started following iran with plans to begin massive production of value added refined petrochemicals themselves.Where iran is very fortunate tho,is that much of the feedstock for this comes from the enormous south pars gas field which gives iran a huge advantage over anyone else in the region in the production of these commodities.

Good to hear. Refined oil is a Value added good so it is much better for the Iranian market. In regards to KSA, knowing them, they will end up selling it below cost because math is to advanced for them.