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Iran Presence in regional markets due to high competitiveness: CEO

TEHRAN (NIORDC) - The CEO of the National Iranian Oil Products Refining and Distribution Company (NIORDC) said Iran"s presence in export markets is due to the quality of the items it supplies compared to regional rivals.
Speaking on the sidelines of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition, Alireza Sadeghabadi underlined the jump in petrol production capacity in the country over the past three years, adding in 2017, Iran"s daily petrol production capacity was 59 million liters, of which 3 million liters was supplied by the Persian Gulf Star Refinery, while production rose to 107 ml/d by 2019.
To produce this amount of petrol, a capacity of about 115 to 120 million liters must have been created, as refineries have major and semi-major overhauls according to the schedule, he added, or they may stop operating for any unforeseen reason; therefore, when the daily performance reaches 107 million liters, capacity building of 115 to 120 million liters has been made.
The Deputy Minister of Petroleum further stated that the amount of production and capacity building that was achieved in the country"s refineries from 2017 to 2019 was made possible despite the toughest sanctions on the country.
"I can say with confidence that this leap in production was materialized by relying on domestic forces in the refining industry," he further said.

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