Iran’s daily gasoline output up 16 million liters by March
Azerbaijan, Baku, Nov.12 / Trend F.Milad/
Gasoline production in Iran will be boosted by 16 million liters by the end of the current Iranian calendar year (March 2012), the deputy oil minister said on Saturday, the Shana news agency reported.
Three major development plans will be completed by the end of the year, which will increase the country's daily gasoline production capacity by 16 million liters, Alireza Zeighami said.
Gasoline consumption in Iran stood at 59.1 million liters per day in the week which ended on November 4, showing 3 percent decrease in comparison with the previous week.
The consumption of four highly-consumed fuels in Iran has decreased noticeably since implementation of the subsidy reform plan in December 2010, the managing director of the National Iranian Oil Products Distribution Company said.
Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising refinery capacity and lower fuel subsidies help neutralize western sanctions aimed at starving Tehran of fuel.