News ID: 279868
Published: 0341 GMT January 24, 2021

Iran is biggest gasoline producer, exporter in Middle East: Official

Iran is biggest gasoline producer, exporter in Middle East: Official

Managing director of National Iranian Oil Refining and Distribution Company (NIORDC) has said his company is currently the biggest producer and exporter of gasoline in the Middle East.

“We are exporting to most of our neighboring countries including Afghanistan, Pakistan, Armenia, Azerbaijan, and Iraqi Kurdistan,” Alireza Sadeq-Abadi said on the sidelines of a visit to the Iran Oil Show exhibition, Shana reported.

In the Iranian year ending on March 20, 2018, the production of gasoline in our country was 59 million liters per day; the figure reached 107 million liters per day last Iranian year, and today the country’s gasoline production capacity is between 107 to 120 million liters per day, the official said.

Iran has achieved this success despite the external pressures and hurdles imposed by US sanctions on the country’s oil industry, Sadeq-Abadi said.

According to the official, the significant increase in the country’s gasoline production and exports comes despite the fact that nearly two years ago Iran was an importer of the strategic product, shipping in 17 million liters per day of gasoline.

The official further emphasized that informing the public through the Iran energy exchange (IRENEX) creates equal conditions and opportunities for transparent competition among the companies active in the field.

Even after the lifting of sanctions, the offering of oil products in the energy exchange should continue, Sadeq-Abadi stressed.

Iran exported over $1.4 billion worth of gasoline in the seven months to October 21, 2020.

The country exported nearly $490 million worth of the commodity during the previous Iranian year, which ended on March 19, 2020.

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