PGSR Phase 4 Development Project to Start Soon

The development project to implement the fourth phase of Persian Gulf Star Refinery in the southern Hormozgan Province will start soon, deputy for technical and engineering affairs at Khatam al-Anbiya Oil and Gas Holding Company said.
“The plan, which will be fully funded by the holding company, will become operational in 2024,” Farokh Shahir was also quoted as saying by ILNA. 
The new phase is expected to help raise PGSR’s current gasoline output at 360,000 barrels per day to 480,000 barrels, he added.
The official noted that daily gasoline consumption has surpassed 95 million liters per day and the uptrend is continuing, stressing that not raising the current production capacity by funding new initiatives will mean Iran has to import the fuel in the foreseeable future.