15 May 2013
Persian Gulf Star Refinery in Hormuzgan province will become one of the largest gasoline and diesel producers of the region.
Announcing the above, Deputy Oil Minister Alireza Zeighami said 225 trillion rials have been invested for production of gasoline and other oil derivatives in Iran.
He noted that the final tranche of investment, worth $4 billion, was made in Imam Khomeini Refinery of Shazand, Markazi province, last year (ended March 20, 2013), Fars News Agency reported.
Zeighami also said about 225 trillion rials worth of investment are needed for optimizing and increasing the capacity of refineries, a part of which has been absorbed.
"A major part of investment will be made in private refineries, including those of Isfahan, Tabriz and Bandar Abbas," he said.
The official noted that $1 billion plus €400 million have been invested in the Persian Gulf Star Refinery so far.
He pointed out that all facilities and potential will be used to make the refinery operational in the current year.
Zeighami went on to say that a consortium has been formed to launch the second phase of Abadan Refinery, adding that based on the authorization of Oil Minister Rostam Qasemi, the ministry's financial resources will be used for implementing projects.
Persian Gulf Star Refinery in Hormuzgan province will become one of the largest gasoline and diesel producers of the region.
Announcing the above, Deputy Oil Minister Alireza Zeighami said 225 trillion rials have been invested for production of gasoline and other oil derivatives in Iran.
He noted that the final tranche of investment, worth $4 billion, was made in Imam Khomeini Refinery of Shazand, Markazi province, last year (ended March 20, 2013), Fars News Agency reported.
Zeighami also said about 225 trillion rials worth of investment are needed for optimizing and increasing the capacity of refineries, a part of which has been absorbed.
"A major part of investment will be made in private refineries, including those of Isfahan, Tabriz and Bandar Abbas," he said.
The official noted that $1 billion plus €400 million have been invested in the Persian Gulf Star Refinery so far.
He pointed out that all facilities and potential will be used to make the refinery operational in the current year.
Zeighami went on to say that a consortium has been formed to launch the second phase of Abadan Refinery, adding that based on the authorization of Oil Minister Rostam Qasemi, the ministry's financial resources will be used for implementing projects.
© Iran Daily 2013
