National Iranian Oil Co., or NIOC, doesn't plan to import gasoline or diesel in the current financial year, its executive director said Tuesday.
National Iranian Oil Co., or NIOC, doesn't plan to import gasoline or
diesel in the current financial year, its executive director said Tuesday.
Iran
,
which produces 650 million standard cubic meters a day of natural gas, has
stepped up domestic usage of gas, Seyed Mohsen Ghamsari told reporters.
Ghamsari is visiting India to discuss an alternative payment mechanism to Iran
for crude oil purchases by the South Asian country after Germany reportedly
refused to channel payments through its central bank. Iran is the
second-largest crude supplier to India, after Saudi Arabia, and accounts for
about 14% of the country's oil import bill.
Iran, one of the world's largest oil producers, had long depended on imported
gasoline to meet much of its domestic consumption due to a lack of refining capacity.
But it increased local output of gasoline due to U.S.-enacted sanctions over
its nuclear program.
The country converted at least two petrochemical plants into gasoline-producing
facilities as part of efforts to produce more gasoline. And in September, Iran
said it has started exporting locally produced gasoline, drawing skepticism
from oil-industry experts.
Iran said previously it's unwilling to lift crude output as it believes the
Organization of the Petroleum Exporting Countries is producing more than demand
despite the recent disruptions in supply following political unrest in Libya.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01