Minister: Iran Ranks 1st in OPEC in Gasoline Production
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
"Last year, we produced 76ml liters of Euro (4) gasoline. At present the production has amounted to 115mln liters and we have 11mln liters excessive production and we will plan for its exports," Zanganeh said in a televised interview on Wednesday night.
"In terms of gasoline production, we rank first in the OPEC," he added.
Early this month, the cargo of Iran-produced gasoline exported to oversees was the first shipment of the home-made product to foreign countries, marking Tehran’s entrance into the global market of the fuel as a seller for the first time in history.
Chief Executive of the Persian Gulf Star Refinery (PGSR) Mohammad Ali Dadvar broke the news, saying that the first gasoline produced in the Persian Gulf Star Refinery was exported overseas.
The gasoline produced in this refinery is of high quality that was selected as the first Iranian exports cargo to neighboring countries and paneled in the international exchange ring entitled “IRENEX”.
He expounded on the details of first gasoline shipment of the country, and added, “more than a century has passed since the discovery of oil in Iran and we are delighted that the first gasoline is exported from the Persian Gulf Star Refinery (PGSR) as a historical event.”
Turning to the first sales of Iran’s gasoline cargo, he added, “the first sales of Iran’s gasoline cargo was successful.”
He described the shipment very successful as it was sold $20 above the market rate indicating high quality of the product.
source: Fars News Agency
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
