BAKU, Azerbaijan, July 2. Iran's gasoline and diesel production is expected to increase by 15 percent by March 20, 2027, Trend reports.
According to the forecast of Iran's Oil Ministry, Iran's daily gasoline production will be 129 million liters, and diesel production will be 130 million liters by March 20, 2027.
On average, 115 million liters of gasoline and 112 million liters of diesel are currently produced daily in Iran.
At present, over 70 percent of gasoline and diesel in the country (75 million liters of gasoline, 70 million liters of diesel) is produced in accordance with Euro 4 and Euro 5 standards.
By March 20, 2027, it is planned to produce more than 75 percent of gasoline and diesel in accordance with Euro 4 and Euro 5 standards.
Currently, 2,286,000 barrels of crude oil and gas condensate are processed by Iran’s 10 oil refineries per day. The refining is planned to increase by 6 percent till the mentioned date.
Also, Iran produces an average of 65 million liters of mazut per day.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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