Iran’s PGSR Exports Rise 120% YoY

Iran’s PGSR Exports Rise 120% YoY

Iran’s Persian Gulf Star Refinery (PGSR)’s exported products from March 20 to September 21 were 120% higher than the products exported in the same period in 2019, according to the Tehran Times.

PGSR’s Managing Director Mohammad-Ali Dadvar said, “given the high output of this refinery, not only has Iran become independent in terms of gasoline production, but the country has also become an exporter of this product.”

These high levels of exports can be attributed to a decrease in consumption and an increase in production.

PGSR, located in the southern province of Hormozgan, is the first of its kind designed based on gas condensate feedstock received from the South Pars gas field.

Seeing as PGSR is the largest processing facility for gas condensate in West Asia, it has revolutionized Iran into a major gasoline exporting hub.

Iran became a net gasoline exporter in February 2019, after the inauguration of the third phase of the Persian Gulf Star Refinery project which added 120,000 barrels of oil equivalent per day (boe/d) to production.


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