A close look at Iran's oil products output and exports

By Dalga Khatinoglu - Trend: Iran's official statistics indicate significant impacts on petroleum sector, alongside the crude oil exports.

Iran's oil exports were around 2.2 million barrels per day in 2011 but the figure had dropped, resulting in being one million barrels as of current. The same falling trend applies to the country's gas condensates and oil products exports.

Iran's former president Mahmoud Ahmadinejad once talked about Tehran's plan for stopping crude oil exports and turning toward exporting value-added oil products. But the statistics doesn't support the claim and show that the exports of Iran's oil products including liquid petroleum gas (LPG), fuel oil, diesel oil, kerosene, and naphtha have faced severe cuts.

According to official statistics, Iran's production capacity for the mentioned products stood at around 260 million liters per day in April, but the figure has since increased to over 264 million liters.

OPEC's latest Annual Statistics Bulletin suggests that Iran's total refinery capacity was around 1.681 million barrels per day in 2012, indicating a 91,000 bpd decrease compare to 2011.

Based on the latest report of the U.S. Energy Information Administration (EIA) which was released on March 28, Iran's total LPG, fuel oil, diesel oil, kerosene, and naphtha exports in 2011 stood at 320,000 barrels per day. EIA has not released any data on Iran's exports in 2012 and 2013.

However, Mostafa Kashkouli, the managing director of the National Iranian Oil Products Distribution Company, said on October 1 that fuel consumption (fuel oil, diesel, and kerosene) by power plants has increased 35 percent since the beginning of the current Iranian calendar year (March 21, 2013) compared to the same period in the past year. Fuel consumption rose by 3.3 billion liters and reached 12.5 billion liters, he said.

Liquid petroleum gas (LPG)

In the past few years LPG (liquefied butane and propane) was one of Iran's most profitable oil products for export. But the official statistics released by the country's Customs Administration show that in the first seven months of the current calendar year (which started on March 21) Iran totally exported 491,000 tons of liquefied propane worth $455 million. The figure shows 40.68 percent decrease compared to the same period of time previous year. Tehran also exported 483,000 tons of butane worth $432 million in the mentioned period, which is 29.68 percent less than the same time span last year.

Official reports from Iran in January suggested that by development of Fajr-e-Jam gas refinery's units, the country has managed to increase its liquid gas production to 14.5 million liters. But the refinery's new units have not completely come on stream yet. Iran's real liquid gas production currently stands at 12.5 million liters. According to Iran's Customs Administration reports, the country exported 2.5 million tons of propane worth over $2 billion in the year to March 2012. The country also exported 1.578 million tons of butane worth $1.32 billion in the mentioned period.

Iran's butane and propane exports respectively faced 34.67 and 45.13 percent decrease in the following year.

Fuel oil

Fuel oil is Iran's second most profitable exported oil product next to LPG. After the implementation of US and EU sanctions against Iran's crude oil export, the country increased its fuel oil exports remarkably. Reuters reported in May that in the first quarter of 2013 Iran exported 200,000 barrels of fuel oil per day, which is 79 percent more than the same period previous year.

The figure even rose to 300,000 barrels per day (1.17 million tons per month) in April, which was 5 times more than April 2012. However, Reuters quoted an official with the National Iranian Oil Company on November 12 as saying that the country has averagely exported 135,000 barrels per day (600,000 barrels per month) in the current year. The official went on to note that the figure dropped to one-third as of late September due to the rise in consumption of fuel oil in Iran's electricity power plants.

Alireza Zeighami, the former managing director of the National Iranian Oil Products Distribution Company, told the Mehr News Agency in May, that fuel oil production capacity fell from 84 million liters per day to 80 million liters per day in the current year and the figure will further decrease to 60 million liters, he added.

Based on the latest official statistics published by the Tasnim News Agency on November 7, domestic consumption of fuel oil hit 49.7 million liters per day. The figure even exceeded 70 million liters some days in autumn of this year.

Kerosene

In April, Zeighami said that kerosene production has decreased from 26 million liters per day to 15 million liters per day. However, official statistics show that domestic consumption of kerosene rose 50 percent last week and reached 19.943 million liters per day last week from 13.357 million liters per day.

Diesel fuel

Alireza Zeighami's statement about Iran's plan to decrease low value fuel oil and kerosene was intended to increase diesel fuel output instead. But, statistics show that diesel fuel production has increased by four million liters per day since the beginning of the current year. Iran has produced 94 million liters of diesel fuel per day and consumed the same amount. Meanwhile, gasoline consumption has varied between 90-110 million liters per day.

Official statistics indicated that diesel fuel consumption hit 99.057 million liters in the last week. However, average daily consumption was 93.143 million liters, according to Tasnim's report. In other words, Iran had no diesel fuel to export.

Naphtha

On February 14, 2012, the Shana News Agency quoted Zeighami as saying that Iran exported one million tons of naphtha in the year which ended on March 20, 2012. However, according to data released by international organizations including United Nations, the latest statistics about Iran's naphtha export covered only 2010's exports and reported at 858,000 tons.

National Iranian Oil Products Distribution Company has listed naphtha among export-bound products in the year ended on March 20, 2013. But, it reported that Iran exported totally 889,000 tons of naphtha, diesel fuel, and sulfur, valued at $823 million in that year. According to official statistics, 500,000 tons of sulfur was exported during this year, while naphtha and diesel fuel exports totally were less than 400,000 tons in last Iranian calendar year, ended on March 20.


Condensate

The Customs Administration of Iran has reported that the country's condensate exports fell 30.56 percent in the first seven months of the current Iranian year, compared to the same period in the past year.

Iran exported 4.333 million tons of gas condensates, worth $3.926 billion in the mentioned period of time, showing 30 percent fall in weight value.
Iran's refineries have a total capacity to refine 37,000 barrels of gas condensates per day. The figure had been projected to be increased to 360,000 barrels per day once the Persian Gulf Star Refinery comes on stream. But, the refinery is still far from being inaugurated. In the Iranian year ended to March 2012, Iran exported 11.378 million tons of gas condensates, valued at $10.115 billion. The figure decreased by 12.5 percent in the next year.

--

Dalga Khatinoglu is Iran News Service head of Trend Agency

Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Loading Bars
Latest
Azerbaijani Defense Minister, Ambassador of Belarus discuss prospects for development of military co-op
Azerbaijani FM, Uzbek ambassador exchange views on current situation in region (PHOTO)
Numerous people take part in online survey on return to Azerbaijan’s Nagorno-Karabakh region
Azerbaijani State Insurance Commerce Company talks about closure of some branches
Azerbaijan to develop new services for microfinance sector
Overdue debt increases in Georgia
Georgia sees increase in volume of deposits in lari
Georgian commercial banks see decline in lending
Azerbaijan to use Turkey's experience in restoring monuments in liberated lands (PHOTO)
Georgian farmers can now get diesel benefits online
Iran's Energy Exchange announces products to be on sale on March 2
Azerbaijani SOFAZ unveils volume of foreign currency sold at auctions during February
Presidential website releases full version of press-conference of Azerbaijani president (VIDEO)
Uzbekistan, Organization of Islamic Cooperation talk prospects of cooperation
Georgia to secure first doses of Oxford-AstraZeneca COVID-19 vaccine
Iran’s Bahar Azadi gold coin price rebounds
Statement in support of Azerbaijan's territorial integrity adopted at conference in Iran (PHOTO)
Contract signed in Iran on fish farming
Former French president Sarkozy convicted of corruption, handed jail sentence
Iran and Georgia fix problem with transit of trucks, through Azerbaijan
Azerbaijani SME Development Agency receives numerous applications for creation of businesses in liberated lands
Beekeeping to rapidly develop in liberated Azerbaijani lands - Association
Uzbekistan’s state budget expenditures mainly account for social sphere
State Insurance Organization opens tender for installation of drip irrigation system
Buta Airways Launches Flights to Tbilisi
Non-oil exports from Azerbaijan show uptick - CAERC
Russian industrial holding sells its shares in Uzbek cement enterprise
EU to propose vaccine passports in March in time for summer
Azerbaijan and Iran to build new bridge over Astarachay - Iranian ambassador
Kazakhstan resumes flights from Almaty to Kyrgyzstan
Azerbaijan confirms 71 more COVID-19 recoveries
First UAE ambassador arrives in Israel, eyes Tel Aviv embassy
China's import of Azerbaijani products grows multifold in value terms
Turkmen Health Ministry opens tender to purchase of medical equipment
Volume of fish caught in Iran's Golestan Province announced
Gasoline prices surge in Kazakhstan
Iran seeks to enhance relations between Caspian states in transport sphere - ambassador
Turkey records lower revenues from car export to Iran in Jan. 2021
Raiffeisen Bank continues to monitor Turkmenistan's business perspectives
Azerbaijan publishes data on computer security requests for February
Azerbaijan issues data on foreign trade turnover of precious stones, natural pearls
Azerbaijani army's mortar batteries continue live-fire training exercises (VİDEO)
Iran and Azerbaijan to cooperate in reconstruction of Karabakh
Georgia thanks EU for strong partnership and support
Turkey issues data on Jan. 2021 volume of crude oil shipment via local ports
New organizations registered within Azerbaijan's 'gov.az' web domain
Turkey records substantial growth in exports to Turkic-speaking countries
Weekly review of Georgian capital markets (Feb.22 through Feb.26)
Germany eyes co-op with Uzbekistan in construction of Mazar-i-Sharif – Kabul – Peshawar railway
Kazakhstan boosts imports from Vietnam
WTO to hold ministerial meeting in Geneva in late 2021
Azerbaijan plans to raise SMEs' share in non-oil GDP by 2025
Data on quality of services from Azerbaijani mobile operators issued
Uzbekistan attracts Russian experts for reconstruction of Sardoba reservoir
Turkmenistan allocates land for planting legumes in Dashoguz region
Details of release of Iranian blocked assets in South Korea
Iran to restrict sea traveling during Nowruz holiday
Payments firm Klarna triples valuation to $31 billion by raising $1 billion
Iran to increase border control
Georgia aims to import wheat from Kazakhstan
Iran reveals COVID-19 data for March 1
UK consumer credit slumped as new lockdown hit in January
Azerbaijan's SOCAR Polymer maintains leading positions on export in private sector
Saudia plans to order 70 Airbus, Boeing jets
Number of payment cards in circulation surges in Kazakhstan
Ankara hosts meeting of Joint Azerbaijan-Turkey Commission on Culture (PHOTO)
S&P names key risks for Georgian economy in 2021
OECD recommends steps to develop export-oriented agriculture sector of Georgia
Kazakhstan Railways opens tender to buy pipes
Uzbekneftegaz launches second compressor station at Alan field
Uzbek-Korean JSC announces tender for transport services
Iran plans to increase amount of airplanes flying over its territory
Iranian gov't approves a seven-year plan to save Gorgan Bay
Iran's Atomic Energy Organization talks Bushehr Nuclear Power Plant
Non-cash payments by foreigners in Azerbaijan plummet
Azerbaijan's satellite operator discloses revenues for Jan.2021
Turkish TOBB reveals number of registered Iranian companies in Jan.2021
Volume of problem loans in Azerbaijan decreases
Central Bank of Azerbaijan shares data of deposit operations of Azerbaijani commercial banks
Turkey announces coal handling figures via local ports over January 2021
Kazakhstan sees decrease in overall lending volumes
Third export train with Turkish-made goods sent to China via BTK railway
Area for growing crops increased in Turkmenistan
Iranian Parliament to review Pensions Bill
Georgia expects GDP to recover
Iran seeks to stabilise commodity prices and foreign currency rate
Iran shares data for foreign trade
Iran to adopt domestically produced equipment for National Information Network
Iranian government expresses concerns over FATF related bills
Iran provides free electricity to low consuming users
Azerbaijani president, first lady attend opening ceremony of world`s first tanker museum in Surakhani (PHOTO)
Azerbaijani president, first lady attend sail away of 'Academician Zarifa Aliyeva' ship, launch of first Ro-Pax type 'Azerbaijan' ferry boat (PHOTO)
TP Securities strike deal on setting up polypropylene production in Uzbekistan
President Aliyev inaugurates new administrative building of Azerbaijan Caspian Sea Shipping Company (PHOTO)
Guatemala President thanks India for providing Covishield vaccine doses
14 missions lined up for launch in 2021, says ISRO chairman K Sivan
Foreign countries want to implement India's NEP: Pokhriyal
Android continues to be most used OS in Azerbaijan
Data, AI fastest growing job clusters in world
Demand of commercial banks in Azerbaijan continues to drop
All news