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Oil Ministry: Iran gasoline production doubled

Tuesday, 21 August 2012

The Oil Ministry’s website said gasoline production capacity stood at 43 million liters per day at the end of the Iranian calendar year 1389 (March 20, 2010-March 19, 2011), while it will hit 70 million liters per day at the end of the current Iranian year on March 20, 2013.  Alireza Zeighami, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC), said domestic gasoline production will even reach 99.7 million liters per day once oil refinery construction and new refining and distribution projects come into operation in the near future. Zeighami said that average daily gasoline consumption stood at 73 million liters in Iranian calendar year 1385 (began on March 20, 2006), but fell to 64 million liters per day in the first three months of 1386, concurrent with gasoline rationing plan, and to 61 million liters after full implementation of (the first phase of) the subsidy reform plan. ”In the first three months of the current Iranian calendar year (started March 20, 2012) average daily gasoline consumption stood at 62.5 million liters, which would have risen to 130 million liters per day if the targeted subsidies law had not been implemented.”

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  • Published: 10 days ago on Tuesday, 21 August 2012
  • By: Iran Daily Brief
  • Last Modified: August 21, 2012 @ 3:00 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://english.farsnews.com/newstext.php?nn=9104254519

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