NIORDC managing director has cited Pakistan as the biggest regional customer of Iran’s Liquefied Petroleum Gas (LPG).
Seyyed Naser Sajjadi said the need for swap of oil products with Caspian littoral states has been alleviated thanks to development of the national gas network and increased supply of natural gas to power plants.
Managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) also noted that the consumption of liquid fuel, including gas oil and mazut, has been reduced significantly as a result of the boost in gas production.
He underlined that liquid gas consumption has fallen by 1.8 billion liters since the beginning of the current Iranian calendar year (began March 20); “consequently, swap of oil products has been halted.”
Highlighting that majority of domestic power houses now rely on natural gas as the main fuel, Sajjadi said the process of oil swap can also be resumed if need be.
The oil official went on to point out the upsurge in exports of oil products in the present year saying “in view of increased gas supply, a surplus of oil products has been created inside the country.”
“Gas oil exports have experienced a 433 per cent rise as a daily average of 13 to 13.5 million liters of the product have been deployed to regional and global markets,” continued the official.
NIORDC managing director underscored that the export volume of gas oil has escalated fourfold as compared with the previous year stressing “Iraq, Iraqi Kurdistan and Afghanistan mark major buyers of Iranian diesel oil.”
Sajjadi later pointed to the rise in the country’s LPG exports maintaining “approximately 615 thousand tons of LPG have been sold so far in the current year.”
The official deemed Pakistan as the largest customer of Iranian LPG reiterating “more than 40 million liters per day of mazut are also being shipped to various markets.”