Managing Director of National Iranian Oil Products Refining and Distribution Company (NIOPRDC) Abbas Kazemi made the remarks in an interview with Shana on Monday.
Import of major equipment needed for the progress of first phase of Persian Gulf Star Refinery including the furnaces and compressors after the execution of nuclear deal helped the progress of project, the official added.
He noted that the first phase of the Persian Gulf Star Refinery (PGSR) will be operational by March 20, 2017 marking end of the current Iranian year of 1395.
The official said the first phase of the refinery has the capacity to refine 120,000 bpd gas condensates
If the first phase of PGSR become operational, Iran will not need import of gasoline, Kazemi added,
He said that the quality of gasoil and kerosene produced in the PGSR will be Euroe 5 and Euro 4 respectively.
Kazemi said NIOPRDC will distribute euro-4 petrol and gasoil in major cities of the country.
Iran will joint the club of gasoline exporters after exploitation of second and third phases of PGSR, he added.
The PGSR refinery is owned by Oil, Gas and Petrochemical Investment Company (49%), Oil Industry Pension Fund (33.1%) and National Iranian Oil Refining and Distribution Company (NIORDC) (17.9%).
One fully operational, the refinery would produce 36 ml/d of high-octane gasoline and 14 ml/d of gasoil. Other products include 4 ml/d of liquefied petroleum gas (LPG), 3 ml/d of jet fuel and 130 tons a day of sulfur.
After the project's first phase becomes fully operational, other phases will come online each after 6 months.