Iran exports over 1.8 billion liters of furnace oil, diesel fuel

Oil&Gas Materials 5 May 2013 14:49 (UTC +04:00)
Iran exports over 1.8 billion liters of furnace oil, diesel fuel

Azerbaijan, Baku, May.5 / Trend F.Karimov/

Iran exported 1.7 billion liters of furnace oil and 128 million liters of diesel fuel in the past [Iranian calendar] year, ISNA quoted National Iranian Oil Products Distribution Company managing director Mostafa Kashkouli as saying.

The products were sold through bunkering, he noted.

The country earned $1.4 billion through selling the mentioned products, the official said.

The past Iranian calendar year ended on March 20.

Iran is currently exporting 20 million liters of oil products per day, the Mehr News Agency quoted Deputy Oil Minister Alireza Zeighami as saying.

He also said that crude oil refining capacity has increased to 1.8 million barrels per day.

Strategic reserves of gasoline and diesel fuel will be increased by 1.3 billion liters in the current year, he noted.

At present, Iran has the capacity to store 11.5 billion liters of fuel, which is sufficient for 58 days consumption. Last year, 16 storage facilities were inaugurated nationwide, boosting the country's storage capacity by 1 billion liters. The storage capacity is planned to hit 14.5 billion liters by 2016.