Managing director of the National Iranian Oil Refining And Distribution Company (NIORDC), Alireza Zeighami made above remarks adding gasoline production of the country will reach 99.7 million liters per day by construction of new oil refineries and implementation of new refining and distribution projects in near future.

Since establishment of Ninth State, NIORDC has focused its efforts on two important issues that include improving the quality and boosting production capacity.  

The official further said the company planned to produce oil products such as gasoline, gasoil, and kerosene compatible with updated standards of Europe.

‘Sulfur content of some oil products such as gasoil and kerosene was very high that will come down to 40 part per million by launching new projects’, Zeighmai noted. 

Iran’s oil refineries intake stands as 1.850 million barrels per day, the official said adding while production capacity of four main oil products stood at 210 million liters before formation of Ninth State, now it has reached 246 million liters per day.

During the Ninth State ruling period, 7 billion dollars were saved due to harnessing gasoline consumption but the figure has risen to 37 billion dollars in Tenth State term.

According to Zeighami average daily gasoline consumption stood at 73 million liters in Iranian calendar year 1385 (began 20 March 2006) but fell to 64 million liters per day during the first three months of 1386 concurrent with implementation of targeted subsidies law and to 61 million liters after implementation of the law.

In the first three months of current Iranian calendar year, began 20 March 2012, average daily gasoline consumption stood at 62.5 million liters that would have risen to 130 million liters per day if targeted subsidies law had not been implemented, Zeighami concluded.