ID :
189723
Mon, 06/20/2011 - 10:11
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https://oananews.org//node/189723
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Iran's Strategic Fuel Reserves Growing
TEHRAN (FNA)- Senior Iranian oil officials announced that the country's strategic fuel reserves increased to 13 billion liters.
Chief Executive Officer of the National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari announced on Sunday Iran has managed to raise its strategic fuel reserves from 11.5 billion liters in last year to 13 billion liters in the current year.
Salari said Tehran could boost its fuel reserves by developing infrastructure for fuel storing and managing consumption, and added, "By implementation of the subsidy reform plan, the strategic gasoline reserves have increased 1 billion liters compared to the last year."
However, before the implementation of gasoline rationing and the subsidy reform plan, Iran was forced to import 27 million liters of fuel.
Now, Iran has turned into an exporter of gasoline, Salari added. Iran started exporting gasoline since last year.
Salari announced that Iran has earned 1.5 billion dollars from fuel export so far.
Last month, Iran's Deputy Oil Minister Alireza Zeiqami underlined the country's high oil and gas production capabilities and potentials, and said Iran plans to boost its daily gasoline production to 100mln liters in 2015.
"Our present daily gasoline production capacity stands at 54mln liters which will increase to 100mln liters by the end of the Fifth Five-Year Development Plan (2010-2015)," Zeiqami said in the inaugural ceremony of the first phase of Abadan refinery in Southwestern Iran on Tuesday.
He also announced that the country's gas production capacity will also increase to 108mln liters by 2015.
Zeiqami further referred to the current 1.7mln-barrel production of oil and gas condensates in seven refineries in Iran, and mentioned that the volume will increase to 2.15mln barrels in 2015.
Iran, the world's fifth-biggest crude oil exporter, has long depended on imported gasoline for 30 to 40 percent of its consumption, but now has become a net exporter.
Iran increased its gasoline production after the United States and the European Union started approving their own unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran.
In April, the National Iranian Oil Engineering and Construction Company (NIOEC) announced that Iran is set to increase its gasoline output by more than four times, from the current 42 million liters (11.09 million gallons) per day to 186 million liters (49.1 million gallons) per day in a five-year period.
Also last month, Iran's Oil Minister Massoud Mir-Kazzemi announced that the country plans to boost its daily gasoline output by 22 million liters this year.
Speaking to reporters on the sidelines of a ceremony to inaugurate the first phase of the development plan of Lavan oil refinery in the Persian Gulf, the minister also said that Iran plans to improve the quality of its gasoline production in order to get Euro-4 and Euro-5 standards in the near future.
Chief Executive Officer of the National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari announced on Sunday Iran has managed to raise its strategic fuel reserves from 11.5 billion liters in last year to 13 billion liters in the current year.
Salari said Tehran could boost its fuel reserves by developing infrastructure for fuel storing and managing consumption, and added, "By implementation of the subsidy reform plan, the strategic gasoline reserves have increased 1 billion liters compared to the last year."
However, before the implementation of gasoline rationing and the subsidy reform plan, Iran was forced to import 27 million liters of fuel.
Now, Iran has turned into an exporter of gasoline, Salari added. Iran started exporting gasoline since last year.
Salari announced that Iran has earned 1.5 billion dollars from fuel export so far.
Last month, Iran's Deputy Oil Minister Alireza Zeiqami underlined the country's high oil and gas production capabilities and potentials, and said Iran plans to boost its daily gasoline production to 100mln liters in 2015.
"Our present daily gasoline production capacity stands at 54mln liters which will increase to 100mln liters by the end of the Fifth Five-Year Development Plan (2010-2015)," Zeiqami said in the inaugural ceremony of the first phase of Abadan refinery in Southwestern Iran on Tuesday.
He also announced that the country's gas production capacity will also increase to 108mln liters by 2015.
Zeiqami further referred to the current 1.7mln-barrel production of oil and gas condensates in seven refineries in Iran, and mentioned that the volume will increase to 2.15mln barrels in 2015.
Iran, the world's fifth-biggest crude oil exporter, has long depended on imported gasoline for 30 to 40 percent of its consumption, but now has become a net exporter.
Iran increased its gasoline production after the United States and the European Union started approving their own unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran.
In April, the National Iranian Oil Engineering and Construction Company (NIOEC) announced that Iran is set to increase its gasoline output by more than four times, from the current 42 million liters (11.09 million gallons) per day to 186 million liters (49.1 million gallons) per day in a five-year period.
Also last month, Iran's Oil Minister Massoud Mir-Kazzemi announced that the country plans to boost its daily gasoline output by 22 million liters this year.
Speaking to reporters on the sidelines of a ceremony to inaugurate the first phase of the development plan of Lavan oil refinery in the Persian Gulf, the minister also said that Iran plans to improve the quality of its gasoline production in order to get Euro-4 and Euro-5 standards in the near future.
