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Home Economy Economy News Euro 4 gasoil production, distribution to jump 100%

Euro 4 gasoil production, distribution to jump 100%

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Euro 4 gasoil production, distribution to jump 100%

TEHRAN – Production and distribution of Euro 4 gasoil across Iran is set to increase by 100 percent by the end of the current Iranian calendar year (March 21, 2019), Shana reported citing the managing director of National Iranian Oil Refining and Distribution Company (NIORDC).

Currently, an average of 29 million liters (ml) of Euro 4 gasoil is being produced across the country and with Bandar Abbas refinery’s Naphtha unit going operational another 16 ml is going to be added to this figure”, Alireza Sadeqabadi told Shana.

The deputy oil minister further noted that considering the production of 12 million liters of Euro 4 gasoil at the Persian Gulf Star Refinery until by the end of this year; by March 2019, a 100 percent increase in production and distribution of Euro 4 gasoil will be realized.

Iran possesses a huge capacity for production and supply of gasoil in the Middle East.

Along with the domestic supply, NIORDC has been planning on exporting this strategic oil product to neighboring countries and the Middle East region.

Afghanistan, Tajikistan, Pakistan, Iraq, Iraqi Kurdistan, and some countries in Central Asia and the Caucasus are among the buyers of Iran’s gasoil.

 

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