Iran exports over 1 million tons of oil products

Apr 08, 2013 12:00 AM

Iran exported more than one million tons of oil products in the past Iranian calendar year, which ended on March 20.
Over one million tons of diesel fuel, kerosene, furnace oil, and naphtha were exported to different countries, mainly to the Persian Gulf states, and Southeast Asia. Meanwhile, the country swapped 140,000 tons of liquefied gas via the Caspian Sea states.

On January 14, it was reported that Iran has created infrastructures for swapping up to 6 million liters of oil products at northern regions of the country.
In recent years taking improper policies by the Iranian administration has reduced the volume of swaps to a great extent, so that some 6,270 tons of liquefied gas has been swapped between Central Asia and Iran since the beginning of the current yea, compared with 21,188 tons in the past year.

National Iranian Gas Company Managing Director Javad Owji said in October 2012 that imports of natural gas from Turkmenistan into Iran have decreased by 52 percent over the first half of the current Iranian year (March 20-September 21, 2012) compared to the same period of the last year.
In August 2012, deputy oil minister Alireza Zeighami announced that Iran has launched a liquefied gas swap route in the Caspian Sea.

Mehr quoted Zeighami as saying that swapping other oil products, such as furnace oil, is currently underway with the Caspian Sea littoral states. Between 15,000-30,000 barrels of crude oil is swapped per day despite sanctions against the Islamic Republic's oil industry, the official noted.
The EU banned importing Iranian crude oil and covering insurance for Iranian oil carrying tankers for European companies. EU insurance companies cover about 95 percent of tankers in the world.

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