PGS Refinery’s Exports Hit $100m
IRAN NEWS ECONOMIC DESK
TEHRAN – Managing-Director of Persian Gulf Star Company Mohammad-Ali Dadvar says Persian Gulf Star Refinery has exported products worth $100m in the first seven months of the current year, adding that exports and stopping raw material sales are main goals of the company for materializing the Supreme Leader’s suggestions.
Speaking on the eve of National Exports Day, Mr. Dadvar felicitated the day to all people who are active in the economic trench in the country and working hard to earn forex for the country and to improve economic condition and welfare for the people, adding that Persian Gulf Star Company, as one of the main supplier of fuel in the country, plays a key role in balancing energy in the region and due to endeavors of managers and experts, it paid attention to production and exports of its products and above all, creating sustainable job in Hormuzgan Province.
Dadvar went on to say that one of the major achievements of the inauguration of the phase 3 of Persian Gulf Star Refinery which was materialized last year was that Iran shifted from being a gasoline importing country to a potential exporting country of this strategic good, and fortunately it can become a gasoline exporting company for the first time in the national oil history this year by launching the project for improving the capacity of production and removing hurdles in its way in three phases of the refinery.
He then delved into details of the projects, adding that by approving the fourth phase of the refinery under name of “Project for Improving Capacity and Removing Hurdles in Way of Existing Three Phases of Production”, the company will see daily increase of refining feed by 180,000 barrels per day, as well as daily increase of gas condensates from 360,000 to 540,000 barrels in the first three phases.
Dadvar reiterated that this will help the company to stop raw material sales of gas condensate and to increase value-added products which will be a reliable support for providing feed for petrochemical plants.
He went on to say that Persian Gulf Star Refinery highlighted the performance of the company in the preceding year, saying the company had an especial share in the national oil products exports, reiterating that the company exported oil products worth $300m.
Dadvar also noted that this year and despite pressures of sanctions, the exports of the company did not decline but saw increase as the value of the exported products in the first half stood at $100m.
He went on to say that Azerbaijan, Afghanistan, Pakistan and Persian Gulf states are the major destinations for the company’s products and 80 percent of its products are presented in the international ring.
