Energy
0

PGSR Output at $5.4b in One Year

PGSR Output at $5.4b in One Year PGSR Output at $5.4b in One Year

The Persian Gulf Star Refinery in Hormozgan Province has produced $5.4 billion worth of commodities such as gasoline, diesel and liquefied gas since the launch of its first phase in April 2017, reducing dependence on imports that deplete the country’s foreign exchange reserves. 
“The refinery currently produces 24 million liters of Euro-5 gasoline and 6 million liters of other products per day, which are worth a total of $15 million if each liter of the products is priced at 50 cents,” Alireza Sadeqabadi, managing director of the National Iranian Oil Refining and Distribution Company, told IRNA on Tuesday.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com