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Iran’s liquid fuels consumption decreases 10%

Business Materials 25 October 2016 20:08 (UTC +04:00)

Baku, Azerbaijan, Oct. 25

By Emil Ilgar – Trend:

Iran’s liquid fuels consumption decreased by 10 percent, Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said.

He added that the country’s liquid fuel usage decreased by 4.5 billion liters during the first half of the current fiscal year (1HFY), started on March 21.

The decrease in Iran’s liquid fuels consumption occurred while the country’s gasoline usage increased by about 4 million liters per day in 1HFY. The country also consumed 22 million liters per day of CNG.

It seems the 10-percent decline in the total liquid fuels consumption occurred due to replacing gas oil and fuel oil in the power plants.

According to the latest statistics of Energy Ministry, Iran used 2.515 billion liters of gas oil and fuel oil in power sector, which indicates a 57-percent decrease year-on-year in 210 days of the current fiscal year.

Iran used more than 24 billion liters of liquid fuels in power sector in 2012, but the country increased gas deliveries to power sector by about 20 billion cubic meters per year since 2012.

Recently, Iran announced that it is currently exporting about 22 million liters per day of gas oil and more than 50 million liters per day of fuel oil. The figures indicate a fourfold and a 20-percent increase year-on-year, respectively.

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