Speaking to Shana reporter, Salari said increasing oil products prices in world oil markets had made supplying fuel to the markets profitable.

He added that during the first six months of the current Iranian calendar year (began 21st March 2011), the price of naphtha, gasoline, kerosene and gasoil increased by 30, fuel oil by 50 percent and LPG by 20 percent.

‘Rising various fuel prices in comparison to last year provide the incentive for us to enter world markets’, the official said.

Referring to export of 1.6 billion liters of oil products over the first six months of current Iranian calendar year, began 21st March 2011, Salari said that part of our oil products are being exported to the neighboring countries and the other part to East Asian countries.

Iran is a big player in oil products market, NIOPDC’s managing director said adding part of this potential is the result of expanding CNG industry in recent years. 

‘Over the past five years CNG consumption has climbed by 10 times, according to Salari.

The official concluded: CNG consumption has risen from equivalent of 1.4 million liters of gasoline consumption per day in 2006 to equivalent of 17 million liters of gasoline consumption per day now.