The National Iranian Oil Company's gasoline exports to neighboring states in the first four months of the current fiscal year (March 21-July 22) dipped sharply compared with the corresponding period of the previous year, a member of Iran-Iraq Chamber of Commerce’s board of directors said.
“The company sold $700 million worth of gasoline to Iraqi Kurdistan, Afghanistan, Pakistan, Armenia and some African states between March 21 and July 22 in 2020. Sales figures are predicted to have dropped by at least 50% over the same period in 2021, as domestic consumption is on the rise and leaves no room for exports,” Hamid Hosseini was also quoted as saying by ILNA.
Demand for gasoline has soared by 40% during the period, he added.
“Daily gasoline consumption in the 133-day period has reached 80 million liters, but the figure was barely 50 ml/d last year.”
Add new comment