Iran finalizes deal to export fuel to Afghanistan

Oil&Gas Materials 1 June 2014 09:20 (UTC +04:00)

Baku, Azerbaijan, June 1

By Fatih Karimov - Trend:

Iran has finalized a deal with Afghanistan to export fuel to its eastern neighbor.

Mostafa Kashkouli, Director of National Iranian Oil Refining and Distribution Company, said exporting fuel to Afghanistan will start soon, Iran's Shana news agency reported on May 31.

Moreover, negotiations with Iraq about exporting fuel are underway, he added.

On May 18, Iranian deputy oil minister, Abbas Kazemi, said Iran will export 10 billion liters of fuel oil and diesel in the current year.

Importing gasoline is economically justified, Iran's Mehr news agency reported.

Under the international sanctions, three petrochemical units produced gasoline, he said, adding that the domestically produced gasoline was mixed with octane boosters and was supplied to the market. But, there is no longer need to produce such gasoline.

He added that the expansion of CNG stations can prevent from excessive gasoline consumption.

The Iranian solar year starts on March 20.