Iran Empties Oil Storage Tanks to Store Gasoline
06.01.2020 By Ricardo Perez - NEWS

June 01, 2020 [MEHR News Agency] – Some 770,000 barrels of crude oil have been transferred via the Neka-Rey 32-inch pipeline from the Neka oil terminal, in northern Iran, to the Tehran oil refinery, he informed.

This was done according to a policy by the oil ministry and the Iranian Oil Pipeline and Telecommunication Company (IOPTC) to create a new capacity for gasoline storage,” Arsalan Rahimi said.

On February 2019, Iran become self-sufficient in gasoline production. Iran’s Persian Gulf Star Refinery converts light crude, known as condensate, into gasoline and naphtha.

In December 2019, Spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union Hamid Hosseini announced that Iran can export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.

In the past week, Iran could manage to export 1.53 million barrels of gasoline and alkylate to Venezuela to help jump-start the oil refineries in the Latin American state amid a fuel crisis, under the US sanctions.

Iranian Deputy Foreign Minister for the Economic Diplomacy Affairs said Gholamreza Ansari has said that Iran and Venezuela will continue their cooperation on downstream and oil sectors since the South American country is a good customer for Iran.


Click Here to Access Today a 5,100 Tank Terminal Database With a Pro Trial
5,100 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Record-Breaking First Year of Operation for China's Largest LNG Reserve
09.27.2023 - NEWS
September 27, 2023 [China Daily]- China’s largest liquefied natural gas (LNG) reserve, loca... Read More
Port Arthur LNG Phase 2 Project Receives Federal Energy Regulatory Commission Authorization
09.27.2023 - NEWS
September 27, 2023 [Sempra]- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: S... Read More
UK and Germany Partner to Further Advance Hydrogen Developments
09.27.2023 - NEWS
September 27, 2023 [GOV.UK]- UK and Germany sign agreement to help accelerate the development of ... Read More
Knutsen Takes Delivery of LNG Carrier Chartered by Shell
09.27.2023 - NEWS
September 27, 2023 [LNG Prime]- Norwegian shipowner Knutsen has taken delivery of a new Shell-cha... Read More