Iran's President Hassan Rouhani on Thursday inaugurated Phase 2 of Gulf Star Refinery (PGSR), official IRNA news agency reported.
Rouhani attended the ceremony of launching the gas condensate refinery in the country's southern port city of Bandar Abbas.
With the launch of the project, the refinery's production capacity of Euro 5 gasoline will reach 24 million liters a day from the current 12 million liters.
According to Tasnim news agency, the third and final phase of the project is expected to come on stream by the end of the current Iranian year (March 2019).
Once the third phase comes into operation, the refinery's daily production capacity will reach 36 million liters a day of Euro 5 gasoline as well as 14 million liters of light and heavy diesel, 3 million liters of jet fuel, 4 million liters of gas condensates, 130 tons of solid sulphur, and 425 tons of hydrogen.
The project is estimated to be completed at a cost of approximately 3.4 billion U.S. dollars.
