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Iran to de-list gasoline import from next year's budget

Business Materials 25 October 2016 11:09 (UTC +04:00)

Baku, Azerbaijan, Oct. 25

By Emil Ilgar – Trend:

Iran's next fiscal year’s budget doesn’t include gasoline imports, Abbas Kazemi, deputy of oil minister told Mehr on Oct.25.

Iran’s next fiscal year will starts on March 21, 2017.

Kazemi said that the country imported about 10-12 million liters per day (ml/d) of gasoline in the first half of the current fiscal year, but currently the volume is around 4.5-5 ml/d.

“The new gasoline production units of Bandar Abbas and Lavan refineries would become operational by March 21 and there is no gasoline import anymore. The distillation unit of Persian Gulf Star refinery was also commenced last week,” Kazemi, who serves as the managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said.

Iran plans to commence the first phase of Persian Gulf Star Refinery and produce 12 ml/d of gasoline by June 2017.

Last year Iran consumed more than 71 ml/d of gasoline.

Kazemi said that it is expected that the country’s gasoline consumption is expected to increase by 2 percent in the current fiscal year.

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