15 October 2016 - 11:18
Iran halves gasoline imports

TEHRAN, Oct. 15 (MNA) – An NIOC official has announced that the volume of Iran’s gasoline imports has decreased by eight million liters per day.

Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyyed Mohsen Ghamsari touched upon the latest status of imports and exports for oil products saying “as compared with the early months of the current Iranian calendar year (began March 21), Iran’s gasoline imports has been cut by about eight million liters per day.”

“The current figure for gasoline imports stands at four million liters,” highlighted the official expecting further decline in imports of the oil product in the second half of the current year.

The official underlined that in time with the decrease in gasoline imports, Iran has achieved a significant rise in exports of other oil products; “a monthly average of 600 thousand tons of Iranian gas oil is being deployed to various world countries.”

Ghamsari said fuel oil and liquefied petroleum gas (LPG) are also being shipped abroad with the figure for fuel oil being more than two million tons per month.

“A total of 140 thousand tons of LPG are being exported to global markets,” maintained the oil official emphasizing “an excess capacity for export of petroleum products has been created as a result of the increase in domestic natural gas production and enhanced consumption management.”

Iran imported 12 million liters of gasoline per day in the first half of the current year indicating a four-million-liter rise as compared with a year earlier.

Meanwhile, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi pointed to daily exports of more than 60 million liters of gas oil and fuel oil saying “presently, Iran enjoys a 13.5% share in the overall exports of petroleum products in the Middle East.”

With increased natural gas exports at South Pars phases and elevation of gas supply to industries and plants, extra exports capacity has been provided various oil products.

HA/3794822

News Code 120510

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