On the basis of the reaction rules and its influencing factors of sulfur compounds in MIP naphtha, a correlation model for describing the correlation between mass fraction of sulfur in MIP naphtha, mass fraction of sulfur in feedstock and volume fraction of olefin in naphtha was developed and the model’s parameters were estimated. The residual error distribution and statistical study showed that the developed model was reasonable and reliable and able to predict the mass fraction of sulfur compounds in naphtha. The correlation model can provide theoretical guidance and operation base for adjusting process parameters to produce EURO IV gasoline by the MIP units. The model was validated by its application on the MIP unit of Qingdao Refining & Chemical Company. On this unit, the tail oil with low sulfur content obtained via hydrotreating gas oil was used as the feedstock and the olefin content of naphtha was reduced by promoting hydrogen transfer reaction through adjustment of process parameters. Thus, EURO IV clean gasoline was manufactured by this MIP unit.