Iran's strategic fuel reserves hit 13 billion liters

Iran’s strategic reserves of fuel has reached to 13 billion liters, the Chief Executive Officer of the National Iranian Oil Refining & Distribution Company (NIORDC) announced on Sunday, Tehran Times reported.

Jalil Salari stated that by developing infrastructure for fuel storing and managing consumption, Iran succeeded to raise its strategic fuel reserves from 11.5 billion liters in last year to 13 billion liters in the current year.

By implementation of the subsidy reform plan, the strategic gasoline reserves have increased 1 billion liters compared to the last year, Salari further said.

However, before the implementation of gasoline rationing and the subsidy reform plan, Iran was forced to import 27 million liters of fuel.

Now, Iran has turned into an exporter of gasoline, Salari added. Iran started exporting gasoline since last year.

Salari announced that Iran has earned 1.5 billion dollars from fuel export so far.


/Trend/