Iran's president cuts ribbon of Shazand plant

Iranian President Mahmoud Ahmadinejad inaugurated the last unit of the Shazand petrochemical plant aimed at producing eight million litres of gasoline per day, Fars news agency reported.

The refining capacity at Shazand plant has been raised from 170,000 bpd to 250, 000 bpd. The daily gasoline production capacity rose to 12 million litres.

The Iranian government says the produced gasoline in the newly commissioned unit is based on Euro-4 and Euro-5 standards.

In October 2012, ISNA quoted the National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami that Iran currently produces 25 million litres of premium gasoline per day, meeting Euro-4 and Euro-5 standards.

The country's gasoline output is projected to reach 70 million litres per day by the end of the next Iranian calendar year (March 19), he added.

Iranians consume over 62 million litres of gasoline per day.

Iran started building three new phases of Shanzad petrochemical plant in 2006 and has spent 43 trillion rials ($3.5 billion based on the official USD rate in Iran).

Iran says the new gasoline production unit with eight million litres of gasoline output per day has been built completely domestically.


/Trend/