Daily gasoline output up by 8m liters in 100 days: NIORDC
The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced an increase in gasoline production by 8 million liters and diesel by 7 million liters within the first 100 days of the 14th administration.
According to IRNA, Mohammad-Sadeq Azimifar highlighted NIORDC’s performance during the initial months of the new administration, noting that the company faced challenges such as fuel shortages, particularly in gasoline and diesel production, fuel quality concerns, and the incomplete value chain from fuel to downstream products.
Azimifar explained that NIORDC developed six main strategies based on the Seventh Development Plan to address these issues as the first strategy focuses on increasing production, with emphasis on enhancing quality and completing the value chain to reduce the production-consumption gap.
Since the start of the new administration (July 31), fuel reserves, especially gasoline and diesel, have failed to be at optimal levels, Azimifar said. “To address this, NIORDC prioritized improving efficiency at existing refineries as commissioning new refinery projects is a complex process.”
In the first 100 days, NIORDC increased the country’s average daily gasoline production from 97 million liters to about 105 million liters. Diesel production rose from 111 million liters to 118 million liters.