26 February 2011
The first phase of Setareh Khalij-e Fars Refinery (Persian Gulf Star Refinery) would be implemented by March 2012, deputy oil minister said.
Alireza Zeighami told Mehr News Agency that the construction operation of this project has had a physical progress of 35 percent so far.
Highlighting that about $500 million was allocated for construction of this project last year, he said in addition, close to $800 million worth of credit has been allocated this year for construction of this mega oil project.
Also, Jalil Salari, deputy managing director of National Iranian Oil Refining & Distribution Company (NIORDC) said a portion of the required fund would be supplied domestically.
He pointed out that the three phases of Setareh Khalij-e Fars Refinery would be implemented by the end of the Fifth Five-Year Economic Development Plan (2015), adding the project totally needs 2.6 billion euros.
The executive operations of the proposed refinery started in 2007. Once the project is inaugurated, the capacity of the country's oil products will rise more than 35 million liters of gasoline and 14 million liters of gas oil per day.
In addition, the proposed refinery will produce 4 million liters of liquefied petroleum gas (LPG), 3 million liters of jet fuel and 130 tons of sulfur.
The first phase of Setareh Khalij-e Fars Refinery (Persian Gulf Star Refinery) would be implemented by March 2012, deputy oil minister said.
Alireza Zeighami told Mehr News Agency that the construction operation of this project has had a physical progress of 35 percent so far.
Highlighting that about $500 million was allocated for construction of this project last year, he said in addition, close to $800 million worth of credit has been allocated this year for construction of this mega oil project.
Also, Jalil Salari, deputy managing director of National Iranian Oil Refining & Distribution Company (NIORDC) said a portion of the required fund would be supplied domestically.
He pointed out that the three phases of Setareh Khalij-e Fars Refinery would be implemented by the end of the Fifth Five-Year Economic Development Plan (2015), adding the project totally needs 2.6 billion euros.
The executive operations of the proposed refinery started in 2007. Once the project is inaugurated, the capacity of the country's oil products will rise more than 35 million liters of gasoline and 14 million liters of gas oil per day.
In addition, the proposed refinery will produce 4 million liters of liquefied petroleum gas (LPG), 3 million liters of jet fuel and 130 tons of sulfur.
© Iran Daily 2011
