TEHRAN – Iran’s Persian Gulf Star Refinery (PGSR), the largest gas condensate and the most modern one in the world and West Asia, accounts for 25 percent of the country’s total gasoline supply, Shana reported.

Located 25km west of Bandar Abbas, a port city in Hormozgan Province, southern Iran, this refinery also accounts for 19 percent of the country’s total refining capacity, according to PGSR Managing Director Alireza Jafarpour.

As reported, of the refinery’s output, 37 percent is gasoline, 13 percent is gas oil, 18 percent is kerosene, and 15 percent is liquid gas.

PGSR is the first of its kind designed based on gas condensate feedstock received from the South Pars gas field which Iran shares with Qatar in the Persian Gulf.

Construction of the refinery started in 2006, but the project was delayed as the result of some mismanagement and also financial limitations due to the West-led sanctions against Iran.

As the largest processing facility for gas condensate in West Asia, PGSR is planning to play a big role in turning Iran into an exporter of gasoline.

This refinery has increased Iran’s gasoline production to 110 million liters per day, while the country’s consumption is 74 million liters.

PGSR has made Iran independent in gasoline production, while an exporter of the product, which has been a big step to nullify the U.S. sanctions.

Iran has always been considered an importer of gasoline in recent decades. As in the previous round of sanctions, one of the tools of pressure on Iran was the embargo on the sale of gasoline to the country.

EF/MA