Iran has announced plans for a fourth condensate splitter at its Persian Gulf Star plant. While the plant makes sense given Iran’s continued reliance on gasoline imports, less clear is how cash-strapped and sanctions-hit Tehran will pay for it. The near-term start-up of a third splitter may halt gasoline imports.
 
Iran’s state refiner NIORDC has announced a plan to build a fourth unit at the Persian Gulf Star (PGS) condensate splitters plant near the Gulf port of Bandar...