Iran Exports First Fuel Oil

Iran Exports First Fuel Oil

Iran exported its first consignment of fuel oil from Assalouyeh, Bushehr province, destined for regional countries, and weighing 4,500 tons. The shipment took place as the country had reduced consumption of liquid fuels by its power plants after having replaced them with gas. The country thus has large volumes of liquid fuels, including fuel oil, up for grabs, SHANA informed.

Previously, according to Fars News, Iran supplied 38, 50, and 58bcm of natural gas to power plants for generation of electricity in the years 2013, 2014, and 2015, respectively. The strategy to expand natural gas consumption, which helps the country to save $6b annually, came with the goal to apply clean energy carriers.

In related news reported in mid-June, Iranian Ministry of Petroleum announced that the country’s crude oil exports have doubled, crossing 3.8mb/d with over 2m barrels being exported to foreign destinations.


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