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Gasoline, gas oil imports to Iran surpassed $2.6b over 5 months

TEHRAN, Oct. 7 (Mehr News Agency) - Iran imported 23.782 trillion rials ($2.642b) worth of gasoline and gas oil during the first five months of the current Iranian calendar year (started March 21, 2007), Ministry of Economic Affairs and Finance reported here Sunday.

According to statistics, gasoline and gas oil imports have soared by 13 percent, up from 21.049 trillion rials ($2.338b) in the previous year, and 69 percent, up from the 14.092 trillion rials ($1.565b) targeted by the Budget Law.

The three-month delay in gasoline rationing plan prompted the government to introduce a $1.5b bill on imports, which will soon be offered to Majlis (parliament).

For the time being, 15 million liters of gasoline is imported daily.

Iran's Oil Ministry excludes 25 companies from privatization

TEHRAN, Oct. 7 (Mehr News Agency) - Iran's Petroleum Ministry here Sunday submitted the list of 25 companies exempted from privatization to the Majlis (parliament).

Talking to MNA, Ali Kardor added the 25 companies' involvement in upstream and production sectors and sanctions are the main reasons behind the decision.

National Iranian Oil Refining and Distribution Company (NIORDC), Pars Special Economic Energy Zone Co., National Iranian Gas Company (NIGC), National Petrochemical Company (NPC), National Iranian Oil Products Distribution Company (NIOPDC), National Iranian Gas Export Company (NIGEC), National Iranian Oil Engineering and Construction Company (NIOEC), Iranian Fuel Conservation Organization (IFCO), Iranian Gas Engineering and Development Company (IGEDC), National Iranian Oil Pipeline and Telecommunication Company (NIOPTC), Petrochemical Terminal and Tank Farm Company (PTTC), and South Pars Gas Complex (SPGC) are among the companies.

The ministry has already named the privatization-bound companies in line with enforcement of Article 44 of the Constitution.

Iran's five-year petrochemical investment to hit $12.5b

TEHRAN, Oct. 6 (Mehr News Agency) - Iran's investment in petrochemical sector during the Fourth Five-Year Socioeconomic Development Plan (2005-2010) will touch 12.5 billion dollars, the National Petrochemical Company (NPC) reported here Saturday.

In 2005 and 2006, investment in the industry totaled 139 trillion rials (14.8 billion dollars), added the NPC.

The Fourth Plan has outlined the implementation of 24 petrochemical projects.

The investments in petrochemical projects have chiefly been made in Pars Special Economic Energy Zone (Assaluyeh) and Mahshahr Special Economic Petrochemical Zone.

... Payvand News - 10/8/07 ... --

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