Iran to celebrate self-dependance in premium gasoline production: TV

13:25, June 21, 2011      

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The General Manager of Iran's National Company of Refining and Distributing Oil Products said that Iran will celebrate self-dependance in premium gasoline production in early July, the state IRIB TV website reported on Monday.

"By launching gasoline production unit of the developing plan of Sazand Imam Khomeini Refinery (in the central province of Markazi) in early July," the country will achieve self-dependance in premium gasoline production, said the oil official who was identified by his last name, Zeighami.

By opening the project, the daily gasoline production in the refinery will reach seven million liters, he said, adding the current capacity of the refinery is 4.5 million liters on daily basis.

The project is one of the important projects of the country and is implemented by spending some 3.5 billion U.S. dollars, Zeighami was quoted as saying.

In May, Iran said that it postponed producing premium gasoline in Abadan Refinery after an explosion occurred in the inauguration ceremony of the new project.

Iranian oil officials have said that Iran would be able, in a short time, to meet its gasoline needs under any circumstances.

The United States passed the Iran sanctions bill which would punish businesses that supply Iran with refined petroleum or help develop the country's own refining capacity.

As the fourth oil producer in the world, Iran lags behind in the oil refinery industry and relies a lot on imports of refined petroleum and other energy products.

However, Iranian officials have reiterated that the West's potential gasoline sanction on Iran over its nuclear program will help the country gain self-sufficiency in gasoline demands.

Source: Xinhua
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