ID :
97865
Sun, 01/03/2010 - 01:55
Auther :

Iran adds 600m liters to gasoline stock

TEHRAN, Jan. 2 (MNA) – Iran boosted its gasoline inventories by 600 million liters in the first nine months of the current calendar year (began March 21, 2009) compared to the preceding year.


Managing director of National Iranian Oil Products Distribution Company Farid Ameri made the comment in an interview with Shana News Agency without giving an exact figure for Iran’s current gasoline storage capacity, but he noted that eighty percent of the capacity has already been filled out.


Some 2.2 billion liters of gas oil have also been stored in the mentioned period which shows 70 million liters increase in comparison to the year before.


Domestic refineries produce some 44 million liters of gasoline and 87 million liters of gas oil per day.


Iran plans to daily import some 22 million liters of gasoline and nine million liters of gas oil by the end of the year to meet its domestic demand.


Iran is the world’s fifth-largest crude exporter, but it still has to import up to 40 percent of its gasoline supplies as it lacks the refining capacity to meet domestic demand. The United States and its European allies may target fuel imports, Reuters reported.


Iranian Oil Minister Masoud Mirkazemi had previously said that the country is prepared to deal with any possible sanctions on its imports of gasoline that world powers might impose.


President Mahmoud Ahmadinejad had also rejected the possibility of imposing sanctions on Iran’s gasoline imports and urged the Oil Ministry to build refineries more quickly to make the country self-sufficient in gasoline production.


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