Young Journalists Club | Latest news of Iran and world

News ID: 4206
Publish Date: 12:31 - 20 May 2014
Tehran, YJC. Oil Ministry says Iran will soon be producing its own catalyst for refineries to make Euro 4 gasoline.

The Rouhani administration with its "active diplomacy” approach tried to ease tensions between Iran and the West so that it would be capable of thinking of some remedy to the country’s economy.

The 11th Oil Ministry started talks with the world’s giant oil companies in order to bring them back to the Iranian market.

It was expected that coming to agreement with the West on Iran’s nuclear program would give the country the chance to enjoy cooperation on strategic areas such as oil, gas, and petrochemicals.

But despite the fact taht the West has delayed in fulfilling its claims to remove sanctions, Iran is still finding much difficulty to find the basic material for its different industries, including oil.

One of the main afflictions the country has had in the past few years has been how to provide the catalysts needed for its refineries in order to produce gasoline.

The Isfahan refinery which was going to produce Euro 4 gas by using catalysts provided by an American company is now facing a situation where the American party does not seem to be intending to do its part.

Now Iran says that it is going to rely on domestic capabilities to produce gas.

Abbas Kazemi, CEO of the National Iranian Oil Refining and Distribution Company, in interview with Mehr News Agency said "Due to the sanctions imposed, the production of the gasoline catalyst is started in cooperation with domestic producers.”

"It is expected that by September the catalyst will be produced,” he maintained.

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