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Iran earned $350m refueling ships in one year

TEHRAN, May 5 (Mehr News Agency) -- Iran earned about $350 million in the previous Iranian calendar year (March 2007-March 2008) by selling fuel to ships crossing the Persian Gulf, the commercial manager of the National Iranian Oil Products Distribution Company (NIOPDC) said on Monday.

Gholamreza Rabbani stated that bunkering foreign ships crossing the Persian Gulf was halted for some years, which undermined Iran's position as a regional bunkering station, PIN reported.

However, Iran began refueling ships again at the end of 1385 (March 2006-March 2007), he explained.

He added, "About 96,000 tons of Iranian fuel oil was sold through bunkering during 1385 and this amount leaped to 1.2 million tons during 1386 (March 2007-March 2008). Last (Iranian) year, Iran's share of Persian Gulf bunkering was about 7 percent and Saudi Arabia and the United Arab Emirates accounted for the remainder."

Rabbani said Kharg and Bandar Abbas ports are Iran's bunkering stations, noting, "Based on the plan, the bunkering volume is projected to surpass 2.5 million tons in the current (Iranian) year."

He expressed hope that Iran's share of Persian Gulf bunkering would increase to 25 percent by the end of Iranian calendar year 1388 (March 2009-March 2010).

"There is a 10 to 15 dollar difference between the wholesale and retail price of a ton of fuel; so bunkering can bring considerable profits to the country," he added.

... Payvand News - 05/06/08 ... --

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