Iran sets new record in gasoline production

IRNA – Iran’s average production of gasoline has amounted to some 105 million litters a day since the beginning of Iranian calendar month of Bahman (Jan 21), according to a report on Monday by the official website of the Ministry of Petroleum.

The figure shows 67% growth compared to the same period last year when the country’s daily output stood at around 63 million litters.

The report said that implementation of refining projects, completion of new phases, and generally speaking, the development of refinery industry have contributed to setting this new record.

Earlier, the managing-director of National Iranian Oil Refining and Distribution Company had said that with a 105 million litters per day output, Iran will have some 20 million litters a day of gasoline more than the amount it needs for domestic consumption in the second half of the Iranian calendar year (ending on March 20).

However, he noted that the increase in gasoline consumption need to be brought under control by optimizing consumption, further use of CNG and reducing fuel consumption of vehicles.