6326
Gasoline Imports to Continue
Energy

Gasoline Imports to Continue

The National Iranian Oil Refining and Distribution Company (NIORDC) has called on the government to extend permission for the import of 10 million liters of gasoline per day in the next Iranian calendar year (March 2015-2016), Mehr news agency said in a report.
Iran was to become self-reliant in gasoline production and even start exports in summer, but things did not go according to plans due to a delay in construction of several refineries.
Construction of the Esfahan Oil Refinery is completed, however, it has yet to start operation due to lack of certain catalysts for gasoline production. The Bandar Abbas Oil Refinery in south Iran is facing funding difficulties.
It has not been possible to supply the catalyst from outside Iran due to the sanctions, and a plan is being designed by Iranian experts to produce it inside the country.
Additionally, development of the Persian Gulf Star Oil Refinery in the port city of Bandar Abbas is 70 percent completed, but its target to produce 36 million barrels of ‘Euro 4’ gasoline per day is unlikely to be achieved by next year.
Given the current gasoline production capacity, production of 40-50 million barrels of gasoline per day target is out of reach for next year. The NIORDC is urged to start the supply of Euro 4 gasoline to eight major cities next year, but for now the import of gasoline appears to be a more viable option.
The increasing demand for gasoline should see through the completion of the first phase Persian Gulf Star refinery and an increase in gasoline production capacity in the other refineries, while reducing heavier fuels production.
A deputy manager at the National Iranian Oil Refining and Distribution Company (NIORDC), Shahrokh Khosravani, said in November that the launch of new gasoline producing facility in the Isfahan refinery and the first phase of the Persian Gulf Star Refinery will put an end to “the import of the gasoline to cease from the next Iranian year (March 2015).”

 

Short URL : http://goo.gl/tEFHdV

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Trending

Googleplus