Work on Iran's €3.5 billion refinery over 50 per cent complete

Azerbaijan, Baku, June 7/Trend M. Moezzi Construction of the Persian Gulf Star Oil Company's refinery in Iran's Persian Gulf city of Bandar Abbas has progressed to 51 per cent. The refinery, one of Iran's major strategic projects, is scheduled to be finished in the early spring of 2013, the Islamic Republic News Agency (IRNA) reports. The Persian Gulf Star refinery has cost €1.5 billion so far and another €2 billion is needed to finish it. The refinery will process 360,000 barrels of gas condensates a day when it becomes operational. Its most import feature is the production of 36 million litres of petrol a day, about 75 per cent of the total petrol used by Iran. Currently, 4000 people are working on the refinery and that number will grow to 8000.