Managing director of National Iranian Oil Engineering and Construction Company (NIOEC) announced the resumption of swaps in oil products with Caspian Sea littoral states.
According to Mehr News Agency, Ali Asghar Sajedi noted an increase in the consumption of oil products due to the sharp decline in temperature in most provinces adding, "Currently, a daily average of more than 200 million liters of oil products is being distributed in the country."
Pointing to the significant rise in the distribution of liquid fuel in winter compared to summer this year, the official asserted, "To reduce the cost of transporting petroleum products from the south of the country to the north, oil swaps have been launched with private sector participation under government supervision."
He underlined that the swap of liquefied gas and diesel oil from Caspian Sea has already begun while the swap of petroleum products is being undertaken from Kazakhstan and Turkmenistan.
Sajedi further pointed to Iran's readiness to swap oil products from Russia and Azerbaijan adding, "The swap through Iran is economical for most of the Caspian Sea states in winter due to frost and extreme cold weather in Central Asia and the Caucasus."
Stockpile of petroleum products in the country is satisfactory and there is no problem or concern over the supply of liquid fuel in the winter even if the delivery of natural gas is reduced, Sajedi concluded.