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Saturday, December 3, 2016

Iran’s Gasoline Imports Plunge

October 17, 2016

Photo: National Iranian Oil Company

Photo: National Iranian Oil Company

Iran's gasoline imports decreased from 12 million liters per day (ml/d) in the first half of current fiscal year to 4 ml/d currently, says Seyyed Mohsen Ghamsari, the director for international affairs of the National Iranian Oil Company (NIOC).

 
MNA quoted Ghamsari as 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,” he highlighted, expecting further decline in imports of the oil product in the second half of the current year. 
 
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.”
 
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.”
 


 
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