News ID: 280994
Published: 0402 GMT February 22, 2021

Annual exports of petroleum products quadrupled in seven years: Minister

Annual exports of petroleum products quadrupled in seven years: Minister
SHANA

Domestic Economy Desk

Iran’s annual exports of petroleum products quadrupled in seven years, said the oil minister.

In the previous calendar year, which ended on March 19, 2020, Iran exported 23 million tons of the products; whereas, in 2012, the figure stood at 5.9 million tons, added Bijan Namdar Zanganeh on Monday in an address to a ceremony to inaugurate a number of national projects for transfer, distribution and storage of petroleum products, Shana reported.

The minister said Iranian President Hassan Rouhani’s administration has made great achievements in petroleum products refining and distribution sector since taking office in 2013.

He added the country’s daily refining capacity has reached 2.2 million barrels per day from 1.8 million barrels per day in 2012.

“Iran’s daily gasoline and diesel production, which stood at 50 million liters and 94 million liters, respectively, in 2012, increased to 107 million liters and 113 million liters, in the year to March 2020.”

He noted that the quality of Iran’s petroleum products has improved significantly over the past few years, saying the country’s annual production of premium gasoline, meeting Euro 4 and Euro 5 emission standards, which stood at zero in 2012, reached over 76 million liters in the year to March 2020.

“The country’s daily production of premium diesel, which amounted to six million liters in 2012, hit 45 million liters in the previous calendar year.”

Zanganeh noted that Iran has 13,000 kilometers of main pipelines for transferring oil and petroleum products, which transfer 1.5 million barrels of the products per day for domestic consumption.

He stressed that the projects’ oil and petroleum products pipes are all produced domestically, saying the Goreh-Jask pipeline, in southern Iran, is “the most Iranian oil pipeline of the country”.

The minister noted that all equipment of the pipeline are manufactured domestically, giving the assurance that the welding and pipe laying phases of the project will be completed by March 20, 2021.

Speaking at the same ceremony, Qassem Arab Yarmohammadi, the CEO of Iranian Oil Pipeline and Telecommunication Company (IOPTC), said construction of oil pipelines and storage tanks helps significantly accelerate transfer of petroleum products and reduce the costs involved in the process.

The oil minister inaugurated three oil transfer pipelines with a total length of 1,000 kilometers in Monday’s ceremony. Constructed with $400 million in investments, the pipelines help increase the country’s oil and petroleum products transfer capacity by 560,000 barrels per day.

 SHANA

 

   
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Resource: Shana
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