Wednesday Mar 21, 2018

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€100m Needed for Launching Phase II of BGCR: Official

(Monday, December 25, 2017) 15:15

TEHRAN, Dec. 25 (Shana) -- A senior Iranian energy official says Iran would require an investment of 100 million Euros for completing phase two of the Bandar Abbas Gas Condensate Refinery.

Addressing a press conference on Sunday, Managing Director of the National Iranian Oil Refining & Distribution Company (NIORDC) Alireza Sadighabadi said launching the project would need €100m while its third phase would need less investments.

He said gasoline output of the plant's first phase rose from 3.5 million liters per day to 10 ml/d in a matter of two months which is a record by itself.

The phase has been developed for production of 12 ml/d of Euro-4 gasoline which has recently been realized.

The facility is the supplier of the greenest petrol in Iran, he added.

"We are planning to launch the plant's second phase soon," he said.

 Once fully operational, the second phase of the project will become a major source of income for the country, the NIORDC CEO added.

Elsewhere in the conference, Sadighabadi, who is also deputy petroleum minister in refining and distribution affairs, said that Abadan Refinery, located in the southwestern city of Abadan, will reach the production capacity of 2 million liters/day of alkylate petrol.

Alkylation is a secondary refinery unit operation that adds high octane hydrocarbons to motor and aviation gasoline. High octane hydrocarbons are needed to help prevent autoignition of gasoline (knocking) in an engine and to meet recommended engine octane ratings.