Baku, Azerbaijan, Aug.12
By Fatih Karimov - Trend: Iran plans to export $12 billion worth of oil products in the next year, Iranian oil minister Bijan Namdar Zanganeh said.
He added that the country is projected to export $5 billion worth of oil products, Iran's IRNA news agency reported Aug. 12.
Boosting oil incomes will expedite the process of emerging from recession, he noted.
In fiscal year 1392 (March 2013-March 2014), 27 billion liters of fuel worth $18 billion was consumed in power plants due to the shortage of natural gas supply,he added.
Mohsen Qamsari, the director for international affairs at the National Iranian Oil Company, said on Aug. 3 that Iran is in negotiations with several Arab and Asian countries to sign new oil contracts in the near future, Press TV reported.
He noted that following the extension of Iran's nuclear deal with the five permanent members of the UN Security Council - the United States, France, Britain, Russia and China - plus Germany in July, Tehran will sign new contracts to export oil products, including diesel fuel, light and heavy naphtha, liquefied natural gas and fuel oil to different Asian countries.
In July, Iran and the six countries agreed to the extension of their negotiations over Iran's nuclear energy program until November 24 in an effort to achieve a permanent nuclear deal.