Iran to distribute Euro-4 gasoline in Isfahan city

Business Materials 26 September 2014 16:24 (UTC +04:00)

Tehran, Iran, Sept. 26

By Milad Fashtami - Trend:

Iran will start distributing Euro-4 standard gasoline in Isfahan city as of next week.

Managing director of National Iranian Oil Refining and Distribution Company (NIORDC), Abbas Kazemi said that as of next week only Euro-4 gasoline will be distributed in gas stations across the city, Iran's IRNA News Agency reported on September 26.

"Isfahan refinery currently has the capacity to produce 2.5 million liters of gasoline per day," he said.

Iranian government officially issued a license for bartering heavy crude for gasoline and diesel oil.

The decision was made due to shortage of mentioned products in the market, Iran's Mehr News Agency reported on September 17.

Iran needs to daily import around 10 million liters of gasoline to meet its domestic demands, but the country currently imports around half of the mentioned figure.

The country only imports gasoline conforming to Euro-4 standard as importing Euro-2 gasoline has been banned.

The Former Managing Director of the National Iranian Oil Products Distribution Company (NIOPDC) Mostafa Kashkouli had previously estimated that Iran's gasoline consumption will reach 74 million liters per day in the current year.

The country's gasoline output is currently around 60 million liters, so it needs to import the rest.