Iran increases gasoline production

TEHERAN. May 28. KAZINFORM Iran is taking measures including an increase in its gasoline production to counter recent US threats to penalize companies supplying Iran with gasoline, Kazinform refers to Trend News.

photo: QAZINFORM
"Some six to seven million liters of gasoline per day will be added to the capacity of Iran's refineries before the end of the year as the catalytic cracker complex at Abadan refinery will go on stream," Iran's Deputy Oil Minister Noureddin Shahnazizadeh said, according to Mehr news agency. He added that the various projects iniated by Iran's refineries to increase gasoline production are 45% complete. An Abadan Refinery official said earlier this month that the project should enable the refinery to increase valuable products such as petrol, diesel propylene and some gases used in petrochemical industries. Shahnazizadeh has also said recently that Iran plans to construct seven new oil refineries at a cost of $27 billion by 2013. The move is aimed at sharply increasing Iran's refining capacity in an attempt to cut gasoline imports, Kazinform cites Trend News. See www.en.trend.az for full version.