The National Iranian Oil Company imported $2.7 billion worth of petroleum products, including gasoline and diesel, in 2017, but as local refineries boosted output, the imports followed a downtrend and reached zero in 2020.
Data published by the Central Bank of Iran on its website indicate that in 2018, NIOC imported half the oil derivative volume it purchased a year ago and that cost the state-run company $1.3 billion, IRNA reported.
The import of gasoline and other oil byproducts went on a downward spiral and was as low as $6 million in 2019.
And in 2020, for the first time in the company’s history, NIOC imported neither gasoline nor diesel but instead exported the surplus of the two key commodities to neighboring states like Iraq, Pakistan and Afghanistan.
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