Iran sees huge increase in liquid fuels export

Business Materials 4 April 2016 19:50 (UTC +04:00)

Tehran, Iran, April 4

By Mehdi Sepahvand - Trend:

Iran experienced a huge increase in the export of liquid fuels over the past year, says Esmail Hasham Firouz, director of imports and exports at the National Iranian Oil Refining and Distribution Company (NIORDC).

During the past one year, Iran's export of gas oil increased 30 times, that is, it rose from 8,000 tons to 270,000 tons, IRNA news agency quoted him as saying April 4.

Firouz said that Iran expects its gas oil export to rise to 500,000 tons during the current Iranian fiscal year (which started March 20).

Also, the export of jet fuel rose by 400 percent, i.e. from 3,000 tons to 15,000, he noted.

Kerosene export in the meantime rose from 500 tons to 13,500 tons, according to the official.

Liquefied gas export also increased by 400 percent, that is from 30,000 tons to 127,000 tons in the past one year, he further stated.

The main reason for the increase in liquid fuels export is believed to be the fact that Iran has replaced natural gas for much liquid fuel, especially at power plants.

Iran owns the South Pars, the world's largest gas reserve. The country's total gas reserve makes it the second leading gas owner after Russia.