Iran breaks new record in gasoil production
Iran has hit a new record in the production of gasoil amid growing demand for fuel in the country’s electricity sector.
The Iranian Oil Ministry said on Tuesday that the average daily gasoil production in the country had reached an all-time high of 124 million liters in the current calendar month which will end on December 20.
It said the figure was an increase of 5.9% from the previous calendar month.
The Ministry said that gasoil production in Iran had increased steadily from September when output was 113 million liters per day, up 2 million liters per day from the average reported in the first five calendar months to late August.
It added that production had increased to 117 million liters in November, up 1.7% from October.
That comes as Iran’s daily gasoil production had reached 107 million liters and 113 million in Decembers of 2022 and 2023, respectively.
The figures come more than a month after Iran was forced to introduce scheduled power cuts in large cities because of fuel shortages at power plants.
The cuts stopped last month amid an increase in inventories at dozens of electricity stations that burn gasoil and mazut to generate power during cold months of the year when they struggle with lower supplies of natural gas.
Iran’s gasoil-producing refineries, which also supply diesel fuel to the country’s fleet of trucks, have been under pressure in recent years mainly because of cheap prices that have encouraged fuel trafficking across the borders.
Senior government authorities said last month that nearly 30 million liters per day of fuels produced by Iranian refineries normally end up in the hands of smugglers.
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