Iranian President Inaugurates Biggest Gasoline Production Plant

Iran's biggest gasoline production plant was inaugurated in Shazand city in the Central Markazi province on Thursday in a ceremony attended by President Mahmoud Ahmadinejad, Sia reports citing Fars News Agency.

The new plant enjoys a production capacity of 16 million liters of petrol per day.

Production of premium gasoline will also rise from the current amount of 1.2 million liters to 3.2 million liters with the opening of Shazand Imam Khomeini Refinery.

For the first time in the Middle East, Iranian experts succeeded in carrying out the process of converting diesel fuel to high-octane gasoline.

Following the refinery's inauguration, its liquefied petroleum gas (LPG) production will increase from 500 tons per day to 2,000 tons.

The treatment facility produces gasoline, liquefied gas, propylene, kerosene, gas oil as well as fuel oil and tar.

The refinery has been renovated through the investment of $3.3 billion by the National Iranian Oil Engineering and Construction Company (NIOEC).

Earlier this year, Iranian Oil Minister Rostam Qassemi announced that Iran will become a gasoline exporting country next year.

"The country's oil industry has witnessed big developments among them launching gasoline-making unit of Abadan oil refinery," Qassemi said.

Launching projects like this by reliance on Iranian capabilities has nullified using gasoline as one of the enemy's leverages for putting pressure against the country, Qassemi said, adding our advancements have led to leaving behind sanctions.

"By launching the project the country no longer needs to import gasoline," he added.

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