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Iran gasoline import rises by 4 percent

Oil&Gas Materials 27 August 2014 15:39 (UTC +04:00)

Tehran, Iran, Aug. 27

By Milad Fashtami - Trend:

Iran has averagely imported 4.9 million liters of gasoline per day from the beginning of the current Iranian calendar year so far.

Managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Abbas Kazemi, said that the figure shows 4 percent increase compared to same period the previous year,, Iran's ISNA News Agency reported on August 27.

"Currently Iran's gasoline production stands at 63 million liters and is expected to reach 66 million liters by the end the year (March 20, 2015)," he said.

He went on to note that daily 17 million liters of gasoline conforming to Euro-4 standard is being produced in the country.

"Iran's gasoline consumption increased by 4 percent in the current year, compared to the previous year. It is while the country's gasoline consumption in the previous year showed 7 percent increase compared to its preceding year," Kazemi added.

Iran is expected to import a total figure of 2 billion liters by the end of the current year.

Iran's average gasoline consumption in the current year has reached 70 million liters per day, some 1.5 percent more than the same period previous year.

Over the past several years, Iran's gasoline import dependence has decreased significantly as a result of increased domestic refining capacity. Iran plans to increase gasoline production capacity at the Isfahan and Bandar Abbas refineries by the end of 2014.

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