Tehran, Iran, July 3
By Mehdi Sepahvand - Trend:
Iran has started negotiations on mazut export with a Turkish company.
A deal is expected to be signed soon if the talks succeed, after which the export will go operational, Mehr news agency reported July 1.
Iran is facing a surplus mazut production of 41 million liters, some of which it delivers via bunkering firms to passing-by ships at the Persian Gulf ports.
Iran also has a long-term agreement on mazut export with the UAE.
The surplus production of mazut follows a surge in gas production at the South Pars, which enabled the country to move toward turning its industries gas-powered.
Iran burned some 25.5 million liters of mazut in the past three months. That amount is much less than the mazut consumed the same period last year, which was 34.2 million liters.
According to FGE, a global energy consultancy firm, Iran exported almost 300 kb/d of petroleum products in 2014, more than 50 kb/d higher than in 2013 but about 100 kb/d lower than in 2011 because U.S. and EU sanctions affected Iran's ability to sell petroleum products as well. Iran mostly exports fuel oil (mazut), LPG, and naphtha to Asian markets.
Edited by CN