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Iran's oil exports reached 30-year peak during March 2007-2008

Tehran, June 1, IRNA -- Deputy Oil Minister for Production Affairs Seyfollah Jashnsaz said here Monday that more than 900 million barrels of crude were exported in the Iranian year 1386 (March 2007-08), the highest in the past 30 years.

Jashnsaz told IRNA that Iran's oil exports followed an upward trend in the past four years.

"Only in 1387 (March 2008-09), in compliance with OPEC decision to cut output, Iran's oil exports were less than the amounts in the past two years," he said, adding that Iran's oil export was about 850 million barrels in 1387.

Iran's oil production capacity reached about 4.3 million barrels/day, the highest amount recorded in 1387 compared to the figures in the past years.

The official said Iran's oil production capacity has increased to 4.3 million barrels/day from 3.9 million barrels/day in 1384 (2005-06) when the ninth government took office.

Iran to become self-sufficient in gasoline in three years

Tehran, June 1, IRNA -- Deputy Oil Minister Nureddin Shahnazizadeh said here Monday that Iran will become self-sufficient in gasoline by 2012.

Talking to IRNA, Shahnazizadeh said that since 2005, when the 9th government took office, ground has been prepared for production of 120 million liters of gasoline a day.

He said that in the past four years, more than three billion euros were invested in for commissioning refining and gasoline production projects and a further 2.2 billion euros have been added to the amount.

The official added that allocation of a budget of $500 million for refining projects recently is a sign of the government's resolve to expedite self-sufficiency in gasoline.

Elsewhere in the interview, Shahnazizadeh said that nine percent has been added to the country's gasoline production in the past four years.

The country's gasoline production capacity rose to 45 million liters/day this year from 40 million liters/day in 2005.

He stated that once the projects for renovation of Lavan, Arak, Esfahan, Abadan and Tehran refineries come on stream, 39,500,000 liters/day will be added to the country's daily gasoline production capacity.

He noted that next year, six million liters will be added to national gasoline production capacity.

... Payvand News - 06/01/09 ... --

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