CDR: 1st Phase of PGSR Operational by March 20

Abdullahi made the remark in an address to the ceremony, marking official inauguration of the distillation unit of the first phase of the PGSR.  The First Vice-President Eshaq Jahangiri was also present in the meeting.

He said once the distillation unit is operational, the first phase of the refinery with the daily production of 12 million liters of gasoline will be operational by end of this year. 

He added that once the first phase of the refinery is operational, the daily production of 12 million liters of euro 4 gasoline will turn the country self-sufficient in gasoline production.

The official said the first phase of the refinery has the capacity to refine 120,000 bpd gas condensates and 12 million liters of euro 4 gasoline, 4.5 million liters of euro 4 gasoil, and one million liters of euro 4 kerosene as well as 1,300,000 liters of euro 4 liquefied gas.

The general said with operation of the first phase of PGSR with capacity of production of 120,000 barrels of gas condensates a day will turn the country self-sufficient and there will be no longer the need for gasoline imports.

The phases two and three of the PGSR will be operational, each six months after the first phase, said the general, adding that timely financing, will result in refining of 360,000 barrels of gas condensates a day and 36,000,000 liters of high quality euro 4  and euro 5 gasoline. It will be fully operational by next Iranian calendar year of 1396 (to start on March 21, 2017).

The refinery is owned by Oil, Gas and Petrochemical Investment Company (49%), Oil Industry Pension Fund (33.1%) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9%).

One fully operational, the refinery would produce 36 ml/d of high-octane gasoline and 14 ml/d of gasoil. Other products include 4 ml/d of liquefied petroleum gas (LPG), 3 ml/d of jet fuel and 130 tons a day of sulfur. 

After the project’s first phase becomes fully operational, other phases will come online each after 6 months.