Iranian state refiner NIORDC is working to complete a second debottlenecking at its Persian Gulf Star (PGS) condensate splitters plant by end-September. This will hike processing capacity by 60,000 b/d to 480,000 b/d and increase gasoline output capacity to 309,000 b/d.
With US sanctions choking crude oil exports, gasoline exports represent a critical revenue generator for Tehran. Iranian oil and gas earnings dropped to $8.9bn for the 2019-20 Iranian year (to March 2020), less than a third of 2017-18’s $27.8bn (MEES, 5 June). (CONTINUED - 569 WORDS)