Oil trade to boost in post-sanction era

TEHRAN, Jan. 17 (MNA) – Deputy oil minister has outlined plans to develop trade of oil products during the post-sanction era.

Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi described new schemes to expand exports of oil products in the new post sanction era adding “until a few years ago, Iran was merely an exporter of mazut.”

“In the current year, Iran has joined the group of countries who export a variety of oil products including diesel oil, aviation gasoline, naphtha, fuel oil, kerosene as well as LPG; “increased production and gas transfer to power plants mark the main causes of surplus in oil derivations particularly diesel oil.”

Deputy oil minister further emphasized that the export capacity for diesel fuel has reached 18 million liters per day underlining “in addition to crude oil, the country has also become an exporter of aviation gasoline and jet fuel.”

“In the current Iranian calendar year (beginning March 21, 2015) , all types of oil products except for gasoline have been deployed to the world market by Iran,” noted the official estimating that the operation of new refinery units like Setare Khalij Fars Gas Condensates Refinery will turn the country into a gasoline exporter as well.

Describing the latest status of gasoline production in the country, NIORDC managing director explained “a daily average of 6.5 million liters of gasoline has been produced in the country since the beginning of the current Iranian calendar year.”

 

HA/3026187

 

News Code 113636

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