President Hassan Rouhani on Thursday launched the second phase of Persian Gulf Star refinery in southern province of Hormozgan.
Once the new phase of the huge refinery starts its operation, the country’s daily production of Euro-V petroleum will increase from 12 million litres per day to 24 million.
Speaking upon his arrival in the province, Rouhani hailed the refinery as a “unique project in the region and the world”, Fars News Agency reported.
The refinery is expected to make Iran self-sufficient in the production of petroleum.
The first phase of the refinery was opened last year, when it started producing 12 million litres of Euro IV petroleum.
Iran currently produces almost 64 million litres of petroleum a day and imports 12 million liters to meet domestic demand.
The next two phases aim to raise total production of Euro IV and Euro V petroleum to 36 million litres a day, raising Iran’s total output to 100 million litres.
The construction of the refinery was started 11 years ago, but international sanctions imposed over Tehran’s nuclear work slowed down the project.
Kamal Kharrazi, the head of Iran's Strategic Council on Foreign Relations and an advisor to…
Iran's President Massoud Pezeshkian has reaffirmed the Iranian government's commitment to completing the North-South transit…
An artistic event titled Autumn-Leaf was held in Meydan Mashgh, within Iran’s Foreign Ministry’s premises…
North Korea is preparing to deploy additional troops, weapons and other military equipment, including drones,…
Foreign Ministry spokesman Esmaeil Baqaei has stated that a fresh round of talks between Iran…
Zhaleh Olov, a celebrated actress of Iranian cinema, theater, television, and a renowned radio voice…