{"id":14117,"date":"2025-05-07T08:49:31","date_gmt":"2025-05-07T08:49:31","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=14117"},"modified":"2025-05-07T08:49:31","modified_gmt":"2025-05-07T08:49:31","slug":"daily-gasoline-output-hits-120m-liters","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/14117\/","title":{"rendered":"Daily gasoline output hits 120m liters"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country\u2019s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday.<\/p>\n

Speaking at a press conference, Nasser Ashouri, Secretary-General of Iran\u2019s Oil Refining Industry Employers Association, said the production boost comes despite the sector facing zero profitability in the previous year. \u201cThe refining industry, a key pillar of the national economy, has seen its profit margins vanish entirely, yet it continues operating without interruption,\u201d he stated.<\/p>\n

Ashouri said the combined value of Iran\u2019s oil refineries exceeds $100 billion, but warned that without policy support from the government and parliament, the industry’s financial health and future investments are at risk. \u201cWe need facilitation, not obstruction. This industry must remain viable,\u201d he said.<\/p>\n

He criticized the government for treating the private sector as a competitor, urging it instead to foster trust so investors feel secure putting capital into production.<\/p>\n

According to Ashouri, the profitability of the country\u2019s 10 refineries plunged in the second half of the previous year, with total earnings dropping to around 4.3 quadrillion rials (approximately $8.6 billion). He warned that 18 key refinery development and quality-upgrade projects worth nearly $18 billion are now in jeopardy due to the sector’s financial freefall.<\/p>\n

Ashouri attributed the crisis to the Oil Ministry\u2019s failure to implement a revised pricing formula for feedstock and petroleum products. \u201cBecause the new pricing regulations have not been enforced, refinery financial statements for the previous year have not yet been finalized,\u201d he said.<\/p>\n

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