Iran to double gas-oil export to Iraq
Azerbaijan , Baku, June 21 /Trend/
Iran has doubled gas-oil export to Iraq and started to export oil products to China, Singapore and some other south East Asian countries, Mehr News Agency reported quoting Deputy Oil Minister Alireza Zeyghami as saying.
"Iran exported 1.5 million liters of gas-oil per day to Iraq in current solar year (started March 20, 2011) and is predicted to increase oil products export to 3 million liters per day," he said.
Meantime, Managing Director of National Iranian Oil Products Distribution Company Jalil Salari indicated the country signed several contracts to export gasoline and gas oil to neighboring countries and Persian Gulf countries.
Zeyghami noted the prices of oil products will be according to Persian Gulf F.O.B.
Armenia is considered one of Iran's biggest gasoline and gas oil importers and Yerevan expressed readiness to import 1.5 million liters of gasoline per day from Iran, Zeyhghami added.
Iran plans to construct pipeline to transfer 70,000 barrels of gasoline and gas oil to Armenia. The 350-kilometer pipeline requires $350 million in investment.
Iran has agreed to allocate 50 percent of the investments, while the rest will be paid by Armenia.