Iran may save $9B by exporting liquid fuels

Oil&Gas Materials 26 November 2019 18:45 (UTC +04:00)

BAKU, Azerbaijan, Nov. 26

By Elnur Baghishov - Trend:

Iran may save about $9 billion by exporting liquid fuels (white oil, diesel, etc.), said Hassan Montazer Torbati, the deputy oil minister and managing director of the National Iranian Gas Company, Trend reports referring to Shana news agency.

Torbati said that the cost of gas in Iran is about 20 cents per liter, adding that if liquid fuels were exported at about 50 cents per liter, it would be possible to save 30 cents for the benefit of the Iranian economy.

The deputy minister noted that about $4 billion have been invested in the projects to supply Iran’s cities and villages with gas in recent years.

Approximately 28,000 villages in Iran have been supplied with gas, Torbati added.

The goal is to supply gas to 3,000 villages in Iran in one year, he said.

“It is predicted that in the next 3-4 years, all villages in Iran will be provided with gas,” Torbati noted.