Domestic Engine Oil Production Up 7%

A total of 376 million liters of engine oil were produced by Iran’s four major companies, namely Behran Oil Company (129 million liters), Iranol Oil Company (109 million liters), Sepahan Oil Company (73 million liters) and Pars Oil & Gas Company (65 million liters) in the last Iranian year (March 2016-17), registering a 7% rise compared with the year before, ILNA reported, citing Consumers and Producers Protection Organization’s data. Imports of engine oil during the same period stood at 2,649 tons, 39% more than the previous year in terms of tonnage and 99% in terms of value, according to the Islamic Republic of Iran Customs Administration. Exports stood at 33,296 tons worth 675 billion rials ($18 million), indicating a 32% rise in terms of tonnage but a 12% decline in terms of value. The main export destinations for Iranian engine oil include Iraq, Afghanistan, Pakistan and Turkmenistan.