<p dir="LTR"><span>TEHRAN TIMES – President Hassan Rouhani officially inaugurated the first phase of Persian Gulf Star Refinery in the southern province of Hormozgan on Sunday.</span></p> <p dir="LTR"><span>A handful of high-ranking officials including Oil Minister Bijan Namdar Zanganeh and National Iranian Oil Refining and Distribution Company Managing Director Abbas Kazemi accompanied the president in the inauguration ceremony, Shana reported.</span></p> <p dir="LTR"><span>The first phase of the project is intended to produce 12 million liters of Euro-4 gasoline, 4.5 million liters of gas oil, one million liter of kerosene and 1.3 million liters of liquefied petroleum gas (LPG) per day.</span></p> <p dir="LTR"><span>Once fully operational, the refinery will add over 36 million liters of Euro-4 and Euro-5 quality gasoline to the country’s gasoline production capacity to increase it to 100 million liters per day.</span></p> <p dir="LTR"><span>The two remained phases of the gas condensate refinery will also come on stream within two six-month intervals.</span></p> <p dir="LTR"><span>The refinery is the first of its kind designed based on the gas condensate feedstock to run with the capacity to produce 360,000 barrels per day (bpd) of the product.</span></p> <p dir="LTR"><span>The facility is fed by gas condensate recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf.</span></p>