Iran competes with regional countries in selling jet fuel to international flights
Baku, Azerbaijan, Aug.16
By Fatih Karimov - Trend:
Iran is competing with regional countries in selling jet fuel for international flights.
Mohammad-Reza Mazloumi, an official at the National Iranian Oil Products Distribution Company, said more than one billion liters of jet fuel was supplied to domestic and foreign planes in Iranian airports, Iran's Mehr news agency reported on August 16.
Ali-Mohammad Nourian, the Iranian deputy transport minister, said in October 2013 that Iran plans to supply fuel to foreign airlines at 10 cents [per liter] cheaper than the regional countries in a bid to attract more international flights has said.
He added that jet fuel is ordinarily supplied at 9 cents higher than the Persian Gulf FOB rate.
We supply foreign airlines with fuel 10 cents below the average price which is supplied by the regional countries in a bid to attract more international flights, he explained.
Currently four of Iran's nine refining companies produce jet fuel, the largest of which is the Shahid Tondgoyan refinery in Tehran, which is capable of producing approximately 1.7 million liters per day of jet fuel, according to the NIOPDC website.
Iran has boosted its refining capacity of both jet fuel and gasoline in recent years following increased Western sanctions over concerns about Iran's nuclear program, which adversely affected Iranian energy exports.