Diesel Exports Reach 560m Liters

Diesel Exports Reach 560m Liters

Iran exported 560 million liters of diesel during March-August, generating $250 million in revenues, managing director of the National Iranian Oil Refining and Distribution Company said.
“We were a diesel importer until a year ago,” Seyyed Nasser Sajjadi was quoted as saying by Moj News Agency. “But following the rise in diesel supply (as feedstock) to industries, consumption has fallen, and for the first time, we have become a diesel exporter.”
Pakistan and Afghanistan are the major customers of Iranian diesel, while several consignments have been shipped in the past five months to foreign destinations.
According to Sajjadi, Iran has also finalized a deal to supply diesel to western neighbor Iraq and the shipment is now underway.
Following the launch of several phases of the South Pars Gas Field in the Persian Gulf last year and increase in natural gas output, gas has replaced mazut and diesel as feedstock in some refineries and power plants, availing the surplus for export.
In addition, the government has instructed power plants and refineries to use gas instead of more polluting feedstock such as diesel due to abundance of gas resources in Iran and the rise in gas extraction from South Pars’ rich reserves.
Increasing scrutiny on diesel-fueled vehicles and curbing diesel smuggling have also helped lower the consumption of this product. Iran is ready to expand the export of jet fuels to foreign markets, the official said, noting that it supplied 2,000 tons of the fuel to its biggest jet fuel importer Afghanistan in the past five months.
Earlier this month, Sajjadi said Iran will become a gasoline exporter once the first phase of the Persian Gulf Star Refinery in the southern port city of Bandar Abbas goes on stream. Iran imports around 6.4 million liters of gasoline a day to meet domestic demand.


Short URL : https://goo.gl/rnSGxO
  1. https://goo.gl/ZLjCxZ
  • https://goo.gl/ZQSNbB
  • https://goo.gl/B3DuqO
  • https://goo.gl/sKNWqg
  • https://goo.gl/KsZ4da

You can also read ...

Shipments in the first two weeks of the month were 4.05 million bpd, the highest since November 2016.
Iraq exported oil at the fastest pace since late 2016 during...
Iran's June Onshore Oil Stocks Up 3.2m Barrels
Iran’s onshore oil stocks rose 3.2 million barrels in June...
Oil Prices Fall on Rise in US Stocks
Oil prices fell on Wednesday after news of a rise in US crude...
Investment in new conventional capacity is set to plunge in 2018 to about one-third of the total.
As the world’s energy sector moves toward greater...
Power Supply to Iraq Cut  Over Rising Domestic Demand
Energy Minister Reza Ardakanian said on Tuesday Iran has cut...
India Faces Iran Dilemma
The US embargo on Iran's oil shipments has put Indian Prime...
Gas Consumption Rising
Iran’s daily gas consumption hit 521 million cubic meters on...
Petrochem Company Indigenizes Equipment
In spite of international restrictions on accessing cutting-...