7 June 2015 - 14:36
  • News Code: 242356
NIORDC to Cut Fuel Oil Output

TEHRAN June 07(Shana)--National Iranian Oil Refining and Distribution Company (NIORDC) plans to reduce fuel oil production under the country’s sixth five-year development plan (March 2015-March 2020).

Shahaboddin Metaji, director of consolidated planning at NIORDC, said fuel oil consumption in the world is falling.

He said that fuel oil production negatively affects the profitability of refineries.

“Therefore, production of this petroleum product in Iran is not profitable. Even if it is exported, our priority is to reduce its production at refineries,” said Metaji.

That, along with destructive impacts on the environment are why NIORDC has decided to reduce fuel oil production.

Metaji said the sulfur content of fuel oil should be cut to below one percent so that it would be exported.

Iran produced 68 ml/d of fuel oil last calendar year, 36.7 ml/d of which was consumed in the country. In the same year, Iran exported 18.5 ml/d of fuel oil.

Fuel oil is exported via Lavan, Mahshahr and Bandar Abbas.
News Code 242356

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