India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report.
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Through implementing an accelerated plan to increase gasoline production, the National Iranian Oil Refining and Distribution Company (NIORDC) has boosted the country’s daily gasoline output by over 8 million liters in 76 days.
The head of National Iranian Oil Products Distribution Company (NIOPDC) says the country’s refineries are fully capable of meeting the needs for airplane fuel and Iran does not need to import such products, IRNA reported.
The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the delivery of gasoil to power plants has increased by 20% this year.
Indian firm Adani Total Gas reported on Thursday a 7.5% increase in its consolidated profit for the quarter ended September 30, as sales of compressed natural gas (CNG) for vehicles continue to grow.
Chinese and Indian oil traders have been responsible for the explosive growth of dark fleet tankers hauling Russian crude to Asia, evading Western sanctions.
Chinese road fuel demand has been struggling this year as EV sales are soaring and diesel sales are falling.
CEO of NIORDC, Mohammad Sadegh Azimi-Far, plans to boost high-quality petroleum product production in existing refineries and complete refinery projects with physical progress.
Iran's Deputy Oil Minister, Mohammad-Sadegh Azimifar, announced plans to boost gasoline production to 129 million liters daily by the end of 2027's seventh National Development Plan.
NIOPDC CEO Keramat Veis-Karami reports a 38% increase in liquid fuel deliveries to Iran's power plants in the first seven months of the year.
The CEO of the Iran Fuel Conservation Company (IFCO) Hosein Hoseinzadeh, stated that the company has short-term, medium-term, and long-term plans for energy efficiency, which are expected to save about 90 billion dollars through the year 2041.
According to Keramat Veis-Karami, the average daily gasoline consumption in the first seven days of autumn stood at 128 million liters, IRIB reported.
Petroleum product exports from India have soared to the highest level in two and a half years as maintenance season in Europe is stoking demand for fuels from other sources.
The Masoud Pezeshkian administration's plan to increase gas prices divides Iranians, with some arguing it's necessary due to high consumption and smuggling.
India's fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains.
Increasing inter-city trips in the last month of summer in Iran have sent gasoline and gasoil consumption to new highs.
ONGC, India's largest oil and gas explorer, is considering an $8.3-billion refinery and petrochemicals project in the Indian state of Bihar to meet rising fuel demand.
Gasoline consumption in Iran reached 140 million liters on Saturday, August 25, according to the National Iranian Oil Products Distribution Company (NIOPDC).
Iran's new Oil Minister, Mohsen Paknejad, plans to address the country's energy imbalance by focusing on alternative fuels like gas, rather than increasing energy carrier prices.
Head of National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari says the country is currently producing over 30 million liters of Euro 4 gasoline and 70 million liters of Euro 5 gasoline on a daily basis.