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Iran to become self-sufficient in gasoline production by March 2016

14 June 2014 [13:05] - TODAY.AZ
Iran will become self-sufficient in gasoline production by the end of the next Iranian calendar year (March 20, 2016).

Iran's Deputy Oil Minister Abbas Kazemi said that the country will become a gasoline exporter in two years, Iran's ISNA News Agency reported on June 11.

He went on to note that Iran's CNG consumption rate will also reach 30 million liters per day by March 20, 2016.

"Iran's current CNG consumption rate stands at 21 million liters per day.

Shahrokh Khosravani, deputy director of National Iranian Oil Refining and Distribution Company (NIORDC), said that Iran will be able to export 20 million liters of gasoline per day as of next year.

"Currently the country produces 60 million liters of gasoline per day," he said, Iran's Mehr News Agency reported on June 9.

"Iran's gasoline consumption currently is around 70 million liters per day, so we need to import 10 million liters of gasoline each day," he explained.

"But once the Persian Gulf Star refinery's gasoline production unit comes on stream, the country's total production capacity will reach 96 million liters per day," Khosravani said.

"Then Iran will be able to export the surplus gasoline which is around 20 million liters per day," he noted.

He went on to note that the first phase of the Persian Gulf Star refinery) with the capacity to produce 12 million liters of gasoline per day) will come on stream by the end of the next Iranian calendar year (March 20, 2016).

Iran's gasoline reserves currently stand at over 2 billion liters.


/Trend/

URL: http://www.today.az/news/regions/134498.html

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