Bid & Tender
JCPOA Set Refinery Project in Motion: Official

Date : May 02, 2017

A senior Iranian energy official says implementation of the Joint Comprehensive Plan of Action (JCPOA) was pretty instrumental in development of the Persian Gulf Star Refinery project.

 

Managing director of the National Iranian Oil Products Refining and Distribution Company (NIORDC) Abbas Kazemi said implementation of the nuclear deal Iran struck with the P5+1 group of countries.

 

He said thanks to the deal's enforcement, Iran could import compressors and other stuff needed for completion of the project.

 

Iranian President Hassan Rouhani officially launched the first phase of a landmark natural gas condensate refinery project in the southern province of Bushehr.

 

The project adds 12 million liters of Euro-4 gasoline to Iran's daily production capacity, rendering the country needless if importing gasoline.

 

Construction of the refinery began in 2006 under the severest sanctions on Iran's key economic sectors.

 

Once fully operational, it will supply 36 million liters of quality petrol which makes Iran an exporter of the strategic item.

 

Besides, it will supply 14 ml/d of gasoil and 3.37ml of jet fuel.

 

The facility is fed by gas condensate (ultralight crude oil) recovered from the supergiant South Pars Gas Field.