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

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

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 ...

Shell in Talks to Sell $2b Worth of Nigeria Assets
Royal Dutch Shell Plc is in talks to sell two Nigerian oil...
Germany Suggests India Continue Iran Oil Imports
Speaking to Indian TV, Germany voiced hope that India would...
Japan Will Face Higher Gasoline Prices After Halting Iranian Crude Purchase
Japan’s major oil distributors are considering halting oil...
Argentina to Export Natural Gas to Chile
Argentina will begin exporting natural gas to Chile from...
Egypt Hikes Gas Price by 75%
Egypt said on Saturday it was raising the price of natural gas...
Cheap Fossil Fuels Hinder Renewables Development
The key factor hindering renewable energy development in Iran...
NIDC Indigenizes  Eco-Friendly Well Test Burner
The National Iranian Drilling Company's experts have designed...

Add new comment

Trending

Googleplus