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Iran shares 13.5% in ME’s oil products export

Business Materials 22 November 2016 17:57 (UTC +04:00)

Baku, Azerbaijan, Nov. 22

By Dalga Khatinoglu – Trend:

Iran increased gas oil and fuel oil export to about 400,000 barrels per day (b/d), sharing about 13.5 percent of the Middle East’s total oil products exports.

According to an official document, prepared by Iran’s Oil Ministry, Iran plans to boost the volume to 600,000 b/d by the end of next fiscal year (March 20, 2018).

The report says that currently the total volume of crude oil export also stands at 2 million barrels per day, sharing 2.5 percent of the global markets.

“The figure is expected to reach 5 percent by 2021”, the report said.

Iran plans to increase the oil products exports by increasing the refinery capacity from the current 1.8 mb/d to 3.2 mb/d by 2021.

According to another document, obtained by Trend, the country has focused on boosting gasoline export. Currently Iran imports about 12 ml/d of gasoline.

Iran’s 5-year oil product export plans:

Iran has several major new refinery projects. The Persian Gulf Star Refinery will add 360,000 b/d, while Siraf Complex, Anahita and Bahman Geno refineries will add 480,000 b/d, 150,000 b/d and 300,000 b/d to Iran’s current refinery capacity.

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