Baku, Azerbaijan, Dec. 14
By Dalga Khatinoglu - Trend:
Production of fuel oil in Iran will decrease to 10 percent of the total refining capacity by 2025, Iran's Deputy Oil Minister Abbas Kazemi said Dec.14.
It is expected that in the next four years, the country's demand for fuel oil will be restricted to only two months in a year, according to Kazemi who also serves as the managing director of the National Iranian Oil Refining and Distribution Company.
Therefore, the preparations for marketing and exporting this fuel in global markets are very important, he added.
"The demand for fuel oil in shipping sector will decrease by 2025," he said. "Therefore, Iran should adapt itself to global markets in coming years."
Below is the table of fuel oil production, consumption level during last years, based on the latest statistics, released by National Iranian Oil Products Distribution Company (NIOPDC).
|
Fuel oil |
Production (million liters per day) |
Consumption (million liters per day) |
|
2010 |
74.4 |
40.3 |
|
2011 |
77 |
42.9 |
|
2012 |
79.7 |
51.7 |
|
2013 |
77.5 |
50.8 |
The share of industrial, power and shipping sectors in the country's total fuel oil consumption in 2013 was 15 percent, 69 percent and 13 percent respectively.
However, during last year, Iran decreased fuel oil usage in power plants by 32.6 percent (to 10.3 billion liters).