Iran to produce 50 million liters of premium fuel by March 2013: official

Business Materials 15 December 2012 13:43 (UTC +04:00)

Azerbaijan, Baku, Dec. 15/ Trend G.Mehdi/

Some 50 million liters of gasoline and diesel, meeting euro-4 and euro-5 standards, will be produced in Iran by the end of the current Iranian calendar year (March 20, 2013), IRNA quoted Ali-Mohammad Sha'eri, environment protection department's deputy director as saying.

The amount of fuel will be produced by Shazand, Tondgouyan, Abadan, and Lavan refineries, he added.

In October, ISNA quoted National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami as saying that Iran is currently producing 25 million liters of premium gasoline per day, meeting euro-4 and euro-5 standards.

The country's gasoline output is projected to hit 70 million liters per day by the end of the next Iranian calendar year 1392 (March 20, 2014), he added.

He also said that diesel oil output will reach 95 million liters per day by the end of the current Iranian year, of which 25 million liters meet euro-4 and euro-5 standards.

Zeighami said in May that gasoline production units at the Imam Khomeini, Shazand, Abadan, Tondgouyan and Lavan refineries will be put into operation by the end of the year.

Iran exported over 132,000 tons of gasoline, worth around $134 million, last year.

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

Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for Iranian gasoline.

Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising refinery capacity and lower fuel subsidies help neutralize Western sanctions aimed at starving Tehran of fuel.