Official: Iran’s Daily Export of Diesel to Iraq to Hit 5mln Liters

Iranian Deputy Oil Minister Alireza Zeiqami said that under a new agreement Iran will considerably increase its daily export of premium diesel to neighboring Iraq.

“Under the agreement, Iran will export between 3million to 5 million liters of quality diesel to this neighboring country (Iraq) per day,” Zeiqami said on Wednesday.

“Iran signed a deal with Iraq two years ago to export different types of oil products to its Western neighbor,” the Iranian official said, adding that the newly-signed accord is a renewal of the previous agreement.

Zeiqami noted Iran’s diesel production capacity is expected to reach 100 million liters per day by the end of the first quarter of 2014 with four new refinery projects as well as the first phase of the Persian Gulf Star Refinery going on stream soon.

“Iran is set to increase its output capacity of Euro-4 and Euro-5 standard diesel, and pump up the production of premium low-sulfur diesel to 40 million liters per day by March 2014,” he added.