Iran Set to Raise Fuel Export to Iraq & Afghanistan

Source: Iran Daily 5/9/2015, Location: Asia

Iran plans to increase the export of oil products to Iraq and Afghanistan to reduce fuel smuggling to the neighboring states.

Managing Director of National Iranian Oil Products Distribution Company (NIOPDC) Nasser Sajjadi noted that one of Iran's priorities is to increase the export of oil products to Iraq and Afghanistan in a bid to control fuel smuggling, Mehr New Agency reported.

Referring to a call by Iraq to raise its diesel imports to 10 million liters per day, Sajjadi said "there is already a new contract to export three million liters per day to southern Iraq".

He noted a deal has been finalized to export six million liters of diesel and two million liters of kerosene to Iraq's Kurdistan region.

The head of NIOPDC added that Tehran and Kabul already have a deal based on which Iran exports one million liters of diesel per day to Afghanistan.

Concurrent with an increase of 100 million cubic meters of natural gas in the year to March 20, 2015 and a predicted rise of 100 mcm in the year to March 19, 2016, there is surplus capacity for exporting various oil products in Iran, he added.

He noted that there is a 15-million-liter surplus capacity in Iran to export diesel and kerosene to the international market.

The National Iranian Oil Company is scheduled to make liquefied gas and kerosene available to the market, he added.

Iran sits atop the world's fourth largest oil reserves and the first largest gas reserves.


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