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Iran's gasoline production to meet domestic needs by March 2014

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  • Iran's gasoline production to meet domestic needs by March 2014

    Iran's gasoline production to meet domestic needs by March 2014: official
    Economic Desk

    http://www.tehrantimes.com/economy-and-business/106451-irans-gasoline-production-to-meet-domestic-needs-by-march-2014-official
    On Line: 15 March 2013 16:34
    In Print: Saturday 16 March 2013


    TEHRAN - Gasoline production in Iran will exceed consumption by the
    end of the next Iranian calendar year (March 2014), IRIB quoted
    Iranian deputy oil minister Alireza Zeighami as saying.

    He made the announcement on the sidelines of the inauguration ceremony
    of a gasoline production unit with the daily output of 8 million
    liters at Shazand refinery, central Iran.

    On January 25, IRNA quoted Zeighami as saying that seven oil refining
    projects are underway in Iran, with the goal of boosting gasoline
    production capacity to 110 million liters per day.

    The projects will be inaugurated maximum by the end of the first half
    of the next Iranian calendar year (September 21, 2013), he added.

    The projects include Arak, Lavan, Tabriz, Esfahan, Bandar Abbas,
    Tehran, and Persian Gulf Star refineries.

    Iran exported over 132,000 tons of gasoline, worth around $134
    million, last year.

    According to Customs Administration data, the gasoline exports rose by
    127 percent in value and 108.5 percent in volume, respectively,
    compared to the year before.

    Armenia, Afghanistan, the UAE, Iraq and Oman were the destinations for
    Iranian gasoline.

    According to official government data, Iranian gasoline imports have
    slumped by as much as 95 per cent over the last four years as rising
    refinery capacity and lowering fuel subsidies help neutralize Western
    sanctions aimed at starving Tehran of fuel.

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