National Iranian Oil Refining and Distribution Company (NIORDC) plans to raise the country’s daily gasoline production to 104 million liters by 2015, the company’s chief said.
Alireza Zeighami told a press conference at Tehran Oil Show that 11.5 million liters of gasoil are also envisaged to be produced per day by 2015 when a five-year economic development plan ends.
He said the targeted fuel production would be up to Euro-4 and Euro-5 standards.
“This year, based on NIORDC’s plans, 40 million liters of gasoline, up to Euro-4 and Euro-5 standards, as well as 28 million liters, up to the current standards, are to be produced,” he said.
“Moreover, 30 to 32 million liters of Euro-4 and Euro-5 gasoil are expected to be produced this year,” he said, adding the output would reach 55.7 million liters per day by 2015.
He also announced the fall in the fuel oil production and said: “Last year, we produced 76.5 million liters of fuel oil per day.
“We are pushing it down to 67.5 million liters this years as some optimization projects have been implemented,” he said.
Zeighami said NIOC delivers 1.755 million barrels per day of crude to NIORDC for treatment. “The daily delivery is planned to reach 2.38 million barrels by 2015 and 3.3 million barrels by 2025,” he said.
Regarding investment in the oil refining industry, he said: “Up to 2025, more than 47.5 billion dollars of investment are eyed.”
He said 3.5 billion dollars have been invested in gasoline production and 11.5 billion dollars in optimization projects.
Zeighami also said that 5.3 billion dollars are to be invested in oil pipeline construction up to 2015.