Iran Daily reported on March 18. Iran’s oil minister, Zanghane, said Sunday that Iran is currently enjoying the benefits of excess gasoline production and will soon start exporting gasoline after a reliable inventory registration. He said: “Gasoline exports started in small quantities, but we are trying to improve the production and storage of gasoline. We will make increasing petrol exports an important issue in the next Iraqi calendar year (from March 21, 2019).
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Iran achieved self-sufficiency in gasoline production in February 2019 after the start of Phase III of the Persian Gulf Star Refinery (PGSR) in Abbas, a port city in southern Iraq. Alireza Sadeqabadi, head of Iran’s National Oil Refining and Distribution Corporation (NIORDC), said: “The third phase of the project will eliminate the need for Iran to import gasoline and create an additional value of more than $800 million annually for the oil and gas industry.” He said that after the full implementation of PGSR, Iran’s gasoline production has now reached 103 million litres a day, while Iran’s average daily consumption of gasoline is 87 million litres, “which will make Iran a potential exporter of gasoline.” He also said that gasoline production meeting Euro_standards would rise to 45 million litres a day.
The Persian Gulf Star Refinery is the largest condensate refinery in the world. More than 70% of the equipment needed to build the facility is provided by domestic manufacturers, and almost all the equipment installation and project execution are completed by Iranian experts themselves. At present, the fourth phase of the project has been started and is expected to be completed in two years.
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