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Persian Gulf Star Oil Co enters IRENEX

Tehran, The first Liquefied natural gas (LNG) shipment of the Persian Gulf Star Oil Company with the volume of 2,000 tons worth $585 entered Iran Energy Exchange (IRENEX).

Thanks to accelerating the construction of Persian Gulf Star Oil Company as the biggest gas condensates refinery in the world, its products are being distributed in domestic and export markets rapidly.

According to Managing Director of IRENEX Ali Hosseini, LNG is being dealt for $585 per ton.

The Persian Gulf Star Oil Company as the first refinery based on condensate feed with a capacity of 360,000 barrels per day, including distillation units, liquid gas purification, catalytic conversion, naphtha purification, isomerization, refining diesel fuel and Kerosene for the purpose of producing gasoline, liquid gas and jet fuel.

By exploiting the phases of the Persian Gulf Star Refinery, Iran is self-sufficient in petrol production.

The second phase of the refinery is set to begin soon by the president.

It is located in Hormuzgan Province in southern Iran.

Source: Islamic Republic News Agency - IRNA

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