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Armenia, Georgia Seeking Jet Fuel Import

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  • Armenia, Georgia Seeking Jet Fuel Import

    ARMENIA, GEORGIA SEEKING JET FUEL IMPORT

    Zawya.com
    Aug 24, 2011

    Iran is in talks with Armenia and Georgia for export of jet fuel,
    managing director of National Iranian Oil Products Distribution Company
    (NIOPDC) said.

    Jalil Salari told Mehr News Agency that with the implementation of a
    number of refining projects and modifications in oil refining process,
    the export of oil byproducts will rise.

    According to Salari, Iran is one of the biggest producers and exporters
    of furnace oil in the Middle East.

    On the latest position in export, the official said some 500 million
    liters of oil byproducts have been exported since the beginning of the
    current Iranian year which started on March 21. He added that last year
    a total of 1.5 billion liters of various oil byproducts were exported.

    He noted that some one billion liters of base gasoline, 250 million
    liters of oil byproducts, and 250 million liters of liquid fuel were
    supplied to global markets via bunkering in the last Iranian year.

    Currently, East and Southeast Asian countries are among the major
    buyers of Iranian oil byproducts, added the official.

    Turning to oil swap, Salari said Iran has the capacity to swap about
    500,000 barrels of crude oil daily, adding the country has created
    infrastructures to facilitate the export, transit, and swap of oil
    byproducts.

    The official further said currently an average of 3 million liters of
    oil products are swapped daily via Iran. So far several contracts for
    the export of oil products have been signed with Afghanistan and Iraq,
    Salari added.

    Top Gasoline Exporter Meanwhile, oil minister has underlined Iran's
    self-sufficiency in producing the needed gasoline for the country,
    and said Tehran will turn into a major oil exporter in the world
    after launching more refineries.

    "Presently we are self-sufficient in production of gasoline. Once
    the new refineries become operational throughout Iran in the next
    couple of years, we will be one of the major gasoline exporters in
    the world," Rostam Qassemi said on Monday.

    Touching on the news on ordering the import of 14 million liters
    of gasoline, he reiterated, "There is no need to import gasoline
    at present, but we might need to import some substances for its
    production," according to Fars News Agency.

    The world's fifth-biggest crude oil exporter has long depended on
    imported gasoline for 30 to 40 percent of its consumption, but now
    has become a net exporter.

    In April, the National Iranian Oil Engineering and Construction Company
    (NIOEC) announced that Iran was set to increase its gasoline output
    by more than four times, from the current 42 million liters (11.09
    million gallons) per day to 186 million liters (49.1 million gallons)
    per day in a five-year period. Also earlier in April, Iran's former
    oil minister, Massoud Mirkazemi announced that the country planned
    to increase its daily gasoline output by 22 million liters this year.


    From: Baghdasarian
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