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Iran to add 12 million litres to daily gasoline output this year

Business Materials 25 May 2012 13:58 (UTC +04:00)

Azerbaijan, Baku, May 25/ Trend F.Milad/

A number of petrochemical projects will come on stream by the end of the current Iranian calendar year (March 20, 2013), which will boost the country's gasoline output by around 12 million litres per day, the National Iranian Oil Production and Distribution Company's managing director said.

Gasoline production units at the Imam Khomeini, Shazand, Abadan, Tondgouyan and Lavan refineries will be put into operation by the end of the year, Alireza Zeighami said, the ISNA News Agency reported.

Iran exported over 132,000 tons of gasoline worth around $134 million in the past calendar year.

According to the Customs Administration data, gasoline exports rose by 127 per cent in value and 108.5 per cent in volume respectively, compared to the year before.

Armenia, Afghanistan, UAE, Iraq and Oman were the destinations for Iranian gasoline, the report said, adding that Afghanistan was the major importer, accounting for $51.6 million of the total exports.

Iranian gasoline imports have slumped by as much as 95 per cent over the past four years, according to official government data, as rising refinery capacity and lower fuel subsidies help neutralise western sanctions aimed at starving Tehran of fuel.

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