Hormuzgan province to become a Persian Gulf energy hub: Official

Oil&Gas Materials 20 June 2011 15:36 (UTC +04:00)

Azerbaijan , Baku, June 20 /Trend/

The National Iranian Oil Products Distribution Company plans to make Hormuzgan province an energy hub in the Persian Gulf, SHANA reported quoting Managing director of the National Iranian Oil Products Distribution Company Jalil Salari as saying.

"Improvement of infrastructure in oil reservoirs and installation of platforms are on NIOPDC agenda," he added.

The country produces 234 million litters of oil products per day including gasoline, white oil, furnace fuel oil and gas-oil.

By cutting subsides the country increases volume of liquid fuels by 13 billion liters.

Iran has more than 1,678 CNG stations, while the National Iranian Oil Product Distribution Company plans to add 960 new stations.

Iran started to export first gasoline cargo after it successfully traded first cargo in Oil exchange and by developing oil projects, Hormuzghan will become a new energy hub in Persian Gulf.

Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.