84284
Iran needed 80 ml/d of gasoline on average in 2017, of which 15 to 20 million liters had to be imported.
Iran needed 80 ml/d of gasoline on average in 2017, of which 15 to 20 million liters had to be imported.
Monday, April 09, 2018

Iran Gasoline Import to Halve in Summer

Gasoline inventory indicates a rise of 1.5% compared with last year’s corresponding period while power plants’ diesel reserves have also doubled in comparison to the past
Gasoline consumption is on the rise not only due to an increase in automobile production and import, but also because of low prices
Monday, April 09, 2018

Iran Gasoline Import to Halve in Summer

Gasoline import will decrease by 50% in the summer (June 22 to Sept. 22), the head of National Iranian Oil Products Distribution Company said.
"It is projected that the country will need to import 9 million liters of gasoline per day in the first quarter (March 21-June 21), which will halve in the second quarter," Mohammad Reza Mousavikhah was also quoted as saying by Mehr News Agency. 
According to the official, the amount of gasoline stored in the country indicates a rise of 1.5% compared with last year's corresponding period while power plants' diesel reserves have doubled in comparison to previous years.
"Were it not for the development of Persian Gulf Star Refinery in the southern province of Hormozgan, NIOPDC would have to import 28 million liters of the strategic fuel daily," the official said, adding that cutting down on gasoline import is a top priority of Oil Ministry.
The refinery is being developed in three phases with a combined processing capacity of 360,000 barrels per day of condensate, a type of ultra light crude extracted from the giant South Pars Gas Field in the Persian Gulf.
"Once fully operational, the refinery will produce 36 million liters of high-octane gasoline as part of efforts to wean Iran off the import of the fuel product," he said.

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/Hv6CAg
04/09/2018
  1. https://goo.gl/c2qPnB
  • https://goo.gl/vtWhw1
  • https://goo.gl/x3CcR4
  • https://goo.gl/5Brwu7
  • https://goo.gl/Szkmw1

You can also read ...

The volume of water Iran receives from Hirmand has decreased to 2-3 million cubic meters from 150 mcm.
Energy Minister Reza Ardakanian said by building dams on...
Iran has been actively looking for ways to drop the US dollar in its international trade transactions.
Russia and Iran have launched an oil-for-goods exchange...
S. African Firm Launches Solar Plant in S. Khorasan
Phelan Energy Group, a South African solar power developer,...
Total to Tough It Out in Venezuela Despite Challenges
French oil major Total is sticking it out in Venezuela despite...
Crude Prices Recover After Sliding on Trump's OPEC Criticism
Oil prices edged up on Friday, stabilizing after an earlier...
Gazprom, Aramco to Boost Gas Cooperation
Russia’s state-controlled giant Gazprom and Saudi Aramco have...
Petrochem Output Hits 55m Tons
Iran's 57 petrochemical complexes produced nearly 55 million...

Add new comment

Trending

Googleplus