Iraq major importer of Iranian gasoline

Oct 28, 2010 12:00 AM

Iraq has been the major importer of Iranian gasoline since the country began to export domestically produced fuel.

Iran’s Customs Administration showed that 32 mm litres of gasoline worth IRR 370 bn have been exported to foreign countries. Iraq, Afghanistan and Armenia were the major buyers of Iranian gasoline while Iraq’s imports accounted for the 47 % of the total figure.

Iran exported its first domestically produced gasoline to Iraq in September. Mr Masoud Mirkazemi oil ministers of Iran announced in September that the country reached self sufficiency after increasing its gasoline production to 66.5 mm litres. He later said that Iran had stopped placing orders for gasoline purchase from abroad after increasing its domestic production. Eventually Iran stopped the export of petrochemical products following the implementation of a crash program to boost gasoline production in domestic petrochemical units.

Mr Ali Reza Zeighami MD of the National Iranian Oil Products Refining and Distribution Company said that Iran is about to take off on producing a target 191 mm litres of gasoline a day by the end of the Fifth Development Plan.

The country consumes 64 mm litres a day. He said that if the gasoline rationing plan is not implemented the consumption figure will increase between 100 mm litres to 120 mm litres per day.

Iran announced on September 7 it had achieved a massive increase in its refining capacity and no longer needed to import 20 mm litres of its 64 mm litres daily consumption. Under the rationing scheme introduced in 2007, a motorist can buy 60 litres of subsidized fuel per month for just IRR 1,000 per litre. Beyond that amount they have to pay a semi subsidized price of IRR 4,000.

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