New refineries to make Iran self-sufficient in gasoline

Under economic sanctions, Iran struggled to meet it’s domestic gasoline demand as imports became more difficult, if not impossible, to source. In order to meet the shortfall, Iran began producing ‘ersatz’, or petrochemical gasoline to meet its requirements. The inauguration of the first train of Persian Gulf refinery, and the imminent production of Euro-4 gasoline, will alleviate the need to consume ersatz gasoline. This Insight explores the impact of Persian Gulf refinery on Iran's oil product balances and it's transition to gasoline self-sufficiency.