Irans deputy oil minister says the Islamic Republic has signed a new contract with Iraq to supply three to five million liters of premium diesel to its western neighbor on a daily basis.Under the agreement, Iran will export 3-5 million liters of quality diesel to this neighboring country (Iraq) per day, Alireza Zeighami told Mehr news agency on Wednesday.
Iran had signed a deal with Iraq two years ago to export different types of oil products to its western neighbor, he underlined, adding the newly-signed accord is a renewal of the previous agreement.
With four new refinery projects as well as the first phase of the Persian Gulf Star Refinery going on stream, he said, Irans diesel production capacity is expected to reach 100 million liters per day by the end of the first quarter of 2014.
Iran is set to increase its output capacity of Euro-4 and Euro-5 standard diesel, and pump up the production of premium low-sulfur diesel to 40 million liters per day by March 2014, he said.
By Press TV
The Iran Project is not responsible for the content of quoted articles.
