BR100 Increased By (0.36%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.22%)
KSE30 Increased By (0.37%)
AGHA 6.68 Increased By ▲ 0.01 (0.15%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 57.32 Increased By ▲ 0.88 (1.56%)
BOP 30.35 Increased By ▲ 0.01 (0.03%)
CNERGY 13.12 Increased By ▲ 0.03 (0.23%)
CSIL 5.41 Increased By ▲ 0.05 (0.93%)
FCCL 52.79 Increased By ▲ 0.41 (0.78%)
FFL 14.72 Decreased By ▼ -0.02 (-0.14%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 No Change ▼ 0.00 (0%)
KOSM 5.73 Increased By ▲ 0.77 (15.52%)
LOTCHEM 26.46 Decreased By ▼ -0.89 (-3.25%)
MLCF 93.16 Increased By ▲ 0.41 (0.44%)
NBP 164.66 Decreased By ▼ -0.32 (-0.19%)
NCPL 55.66 Increased By ▲ 0.02 (0.04%)
NPL 61.16 Decreased By ▼ -0.10 (-0.16%)
OGDC 316.73 Decreased By ▼ -1.03 (-0.32%)
PACE 9.87 Decreased By ▼ -0.06 (-0.6%)
PAEL 35.63 Increased By ▲ 0.13 (0.37%)
PIBTL 14.68 Increased By ▲ 0.11 (0.75%)
PPL 226.91 Decreased By ▼ -0.88 (-0.39%)
PRL 93.02 Increased By ▲ 0.45 (0.49%)
PTC 60.26 Decreased By ▼ -0.37 (-0.61%)
SSGC 23.81 Increased By ▲ 0.01 (0.04%)
TBL 8.75 Increased By ▲ 0.07 (0.81%)
TELE 7.80 Increased By ▲ 0.02 (0.26%)
TPL 22.35 Increased By ▲ 0.12 (0.54%)
TPLP 12.97 Increased By ▲ 0.30 (2.37%)
TREET 22.16 Decreased By ▼ -0.38 (-1.69%)
TRG 56.56 Decreased By ▼ -1.24 (-2.15%)
Markets

Iran gasoline capacity to rise in Nov: Shana

Published Updated

shei12DUBAI: Gasoline production capacity at Iran's Shazand oil refinery is set to double to around 16 million litres per day in late 2012, making it the largest in the country, Iran's oil ministry news website reported on Sunday.

 

The expansion project to increase gasoline production capacity by 8 million litres a day should be complete in about six weeks, project director Rashid Seyedian told Shana.

 

"The main part of gasoline making unit will be completed in next 45 days," he said

 

Iran has been increasing its refining capacity over the last few years in response to Western efforts to prevent it from importing fuel needed to meet rising demand for vehicle fuels.

 

The refinery project at Shazand, near Arak, aims to raise processing capacity from 170,000 to 250,000 bpd of crude, while dramatically increasing gasoline production and reducing fuel oil output.

 

According to the website of the National Iranian Oil Refining and distribution company, Shazand Arak will be able to produce about 3.55 million litres per day of premium gasoline and 12.31 million litres per day of standard gasoline once the project is completed.

 

Shana also reported on Sunday that the development plans of the Sarvestan and Saadat Abad oilfields would soon be complete, raising Iran's oil production capacity by around 15,000 bpd.

 

Oil from Sarvestan and Saadat Abad will be pumped to the Shiraz oil refinery, Shana reported.

 

Copyright Reuters, 2012

Comments

Comments are closed for this article.