Gasoline imports experiences 36 percent decline in Q1

"Gasoline import into the country in the first three months of the current year (March 21-June 21) experienced a considerable 36 percent decline as compared to the same period of last year," Chief Executive of the National Iranian Oil Products Distribution Company (NIOPDC) said.
Publish date : Wednesday 11 July 2018 11:18
Code: 342346
 

"Daily import of 9 million liters of gasoline had been predicted in the same period, the volume of which recorded a significant 36 percent decrease," Alireza Sadeghabadi said.

By commissioning the second phase of Persian Gulf Star Refinery, gasoline production and consumption balance turned positive, he maintained.

Iran attained self-sufficiency in the gasoline production on May 5, 2018, he said, adding, “once the 3rd phase of Persian Gulf Star Refinery is put into operation, gasoline will be exported to abroad.”

He put the average daily gasoline imports in the first six months of the past Iranian calendar year in 1396 (March 20-Sept. 21, 2017) at 13 million barrels, the volume of which hit 5 million liters in the ending three months of the last year, showing a considerable decline.

Once 2nd phase of Persian Gulf Star Refinery is put into operation, gasoline production volume in the country will hit about 105 million liters by the yearend, 87 million liters of which are of euro 4 and 5 types.

Chief Executive of the National Iranian Oil Products Distribution Company (NIOPDC) Alireza Sadeghabadi said that Persian Gulf Star Refinery is constructed in three phases with the daily production capacity of 360,000 barrels in general.

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