3 July 2018 - 16:04
  • News ID: 283546
No Plans for Petrol Exports: Official

TEHRAN (Shana) -- A senior Iranian energy official said by launching new gasoline production units the country was seeking self-sufficiency and stockpiling petrol rather than having any plans to export the strategic item.

Speaking during a televised interview, National Iranian Oil Refining & Distribution Company (NIORDC) CEO Alireza Sadighabadi said: "By oversupplying petrol we are focused at stockpiling the strategic item and have no plans for exports so far."

The official said Iran was planning to bring its petrol production capacity to 100 ml/d from currently 90 ml/d.

Last week, Iran launched the second phase of Bandar Abbas Gas Condensate Refinery-aka Persian Gulf Star Refinery, adding 12 ml/d to the country's petrol production capacity. The facility it currently supplying 24 ml/d in two phases and its third and last phase will become operational by March 2019.

Mr. Sadighabadi said Iran's Euro-4 petrol production capacity was planned to reach 54 ml/d by the end of the current calendar year.

The official, who is also deputy petroleum minister for distribution and refining of petroleum products, further said that phase III of the refinery would add 12 ml/d of Euro-5 petrol to the country's capacity.

He also warned that motor vehicles needed to be upgraded with Euro-4 and 5 engines, otherwise their pollution would not differ when using quality petrol.

News ID 283546

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