Iran to stop non-euro standard fuel production by 2021

Iran has planned to stop producing non-euro standard gasoline and gas oil by March 2021, according an official document, Trend observed July 8.

The document, prepared by Iran’s Oil Ministry says that the share of fuel oil (mazut) in total refining capacity also would decrease from the current 24 percent to below 10 percent in five years.

Recently, the Deputy Oil Minister and CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi told Trend that of the 62 million liters per day (mlpd) of domestically produced gasoline, 29 mlpd meets the Euro-4 standard.

The statistics, mentioned in the document also indicate the currently Iran’s Arak, Esfahan and Tabriz refineries produce 16 mlpd, 7 mlpd and 1 mlpd of Euro-4 gasoline respectively.

Iran consumes 71 mlpd of gasoline and the rest of demanded fuel is imported. Since the beginning of the current fiscal year (started on March 21), Iran has imported 12 mlpd of gasoline, a part of which was stored and the remaining amount consumed.

The country also consumes 79 mlpd of gas oil, of which 24 mlpd meets Euro-4 standards, the document says.

Source: Trend