Commenting on the increase in injection into two Iranian storage facilities, Mehdi Jamshidi-Dana, said, “The amount of gas injection into Sarajeh facility in Qom (central Iran) was 748 million cubic meters last year (which ended on March 19). This year, it has increased by eight percent to exceed 810 million cubic meters,” Shana reported.

He added, the amount of gas stored in Shurijeh facility of Sarakhs (northeastern Iran) stood at 938 million cubic meters last year, saying the figure has increased by 48 percent this year to reach over 1.38 billion cubic meters.

The IGTC CEO noted that the rise in the amount of annual storage will greatly contribute to the stability of the country’s gas supply in the winter.

Iran has two major natural gas storage facilities in Sarajeh and Shurijeh. According to the annual routine of the National Iranian Gas Company, gas refineries from all over the country send their processed gas to these two facilities to be used in the cold months.

IRNA said in a report that the divestment for PGSCO is possible now that authorities have agreed the company can pay its foreign exchange debts in the local currency, the rial.

The head of Iran’s Fara Bourse (IFB), a subsidiary market of the Tehran Stock Exchange, said listing would take place shortly after initial paperwork is concluded, Press TV reported.

“A part of shares of this company will be offered in the IFB market upon completion of required procedures for admission and listing,” said Amir Hamouni.

The state-run PGSCO owns the Persian Gulf Star Refinery which is responsible for over 40 percent of Iran’s total gasoline production of 105 million liters per day. It also produces high-quality diesel and jet fuel.

Since its launch about seven years ago, the refinery has turned Iran from a net importer of gasoline into a net exporter. It runs on natural gas condensate supplied from South Pars, the world’s largest gas field located in the Persian Gulf.

IRNA said feedstock capacity in the refinery has reached nearly half a million barrels per day (bpd) including that used in three physical phases with 120,000 bpd apiece and an extra 120,000 bpd of throughput which has become possible thanks to improvements carried out on current structures and installations.

A massive fourth phase is being developed for the Persian Gulf Star Refinery to further boost Iran’s fuel output and help find new export markets for the country.