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Iran’s private sector can import and sell 2 mln liters of super gasoline daily

Business Materials 3 December 2011 13:57 (UTC +04:00)
Transferring Iran’s product distribution process to the private sector should be fully studied, and it has been suggested that the private sector will engaged in import and distribution of 1.5 to 2 million litres of super gasoline,

Azerbaijan, Baku, Dec. 2 / Trend M. Moezzi/

Transferring Iran's product distribution process to the private sector should be fully studied, and it has been suggested that the private sector will engaged in import and distribution of 1.5 to 2 million litres of super gasoline, SHANA news quotes managing director of the National Iranian Oil Products Distribution Company (NIOPDC).

The NIOPDC's governing and oversight divisions will continue as government entities and the policy sectors will be transferred to the private sector over time, SHANA quoted Jalil Salary as saying.

While the private sector plays a great role in the distribution process, transferring the import and export of products to private entities is sensitive and must be studied carefully, the NIODC's managing director believes.

Currently, 10,000 oil tankers, 3,500 rail tanks and ships transport the 211 million liters of products consumed by the agriculture, industry and domestic sectors via 14,000 km of pipelines, Salary said. These operations are carried out by the private sector.

Work related to product storage at NIODC facilities is in the process of transfer to the private sector. Those who will win tender will engage in administrative part of storage, while the NIODC will only act as a supervisor in this sphere, Salary said.

Iran has sped up the pace to privatize refinery companies in accordance with Article 44, SHANA reported.

Based on requirements of the Article 44 the NIODC is completing its development work on refineries with involvement of the private sector.

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