Iranian President Hassan Rouhani

Iran launches 2nd phase of gas condensate refinery

Iran’s President Hassan Rouhani on Thursday inaugurated Phase 2 of Gulf Star Refinery (PGSR)…reports Asian Lite News

Iranian President Hassan Rouhani

Rouhani attended the ceremony of launching the gas condensate refinery in the country’s port city of Bandar Abbas.

With the launch of the project, the refinery’s production capacity of Euro 5 gasoline will reach 24 million litres a day from the current 12 million litres.

According to Tasnim news agency, the third and final phase of the project is expected to come on stream by the end of March 2019.

Once the third phase comes into operation, the refinery’s daily production capacity will reach 36 million litres a day of Euro 5 gasoline as well as 14 million litres of light and heavy diesel, 3 million litres of jet fuel, 4 million litres of gas condensates, 130 tonnes of solid sulphur and 425 tonnes of hydrogen, the report said.

The project is estimated to be completed at a cost of approximately $3.4 billion.

 

 

Previous Story

US economy grows at 2% in Q1

Next Story

“Michael Jackson: On the Wall”

Latest from ASIA NEWS

Israel Takes Out Iran Spy Leaders

Among those killed were Mohammad Khatami, head of the IRGC Intelligence Organisation since 2022, and his deputy Mohammad Hassan Mahkaghi….reports Asian Lite

Iran May Quit Nuclear Treaty

The NPT, a landmark international treaty that came into force in 1970, seeks to prevent the spread of nuclear weapons…reports Asian Lite

Tehran Hit in Israeli Raid

An illustrative graphic released by the Israeli military indicated that 10 sites were hit in the operation….reports Asian Lite News The Israel

Beirut Airport Reopens

The precautionary closure of Lebanese airspace was part of a broader trend of heightened alert across the Middle East…reports Asian Lite News