Iran cementing its position in petroleum products market
Iran’s liquid fuels export stands at 400,000 barrels per day (b/d), but the country plans to increase this volume by 33 percent in three years. Iran shares 13.5 percent of the total Middle East oil products export with selling 60 million liters per day (ml/d) or about 400,000 b/d, the head of National Iranian Oil Refining and Distribution Company told Shana Oct.4. The figure was less than 33 ml/d during the last fiscal year, according to the official statistics. “Currently the capacity of exports stands at 500,000 b/d, but the figure hasn’t been realized because of the rapid export growth, loading restrictions and export limits, but we planned to export 600,000 b/d (80 ml/d) of liquid fuels by March 2020,” he said. Production Consumption Export Bunkering Gasoline 67.1 70.8 - - Gas oil 89.4 82.2 5.1 0.8 Fuel oil 10.1 9 27.5 12.5 Kerosene 64.5 24.5 0.03 - The figures are for last Iranian fiscal year, based on ml/d Accordin