Iran sells first gasoline in trade market

Iran sells first gasoline in trade market

2011-05-20 02:19:11 GMT+7 (ICT)

TEHRAN (BNO NEWS) -- Iran's oil refining company on Thursday sold the country's first consignment of gasoline exports on an international mercantile bourse at the price of $1,012 per ton, Press TV reported.

"The Bandar Abbas Refining Company sold 20,000 tons of its export gasoline at Iran's international mercantile bourse on the Kish Island," Ali Akbar Hashemian, director general of Iran's Mercantile Exchange Company, said.

Hashemian said the sale was the third and final phase in launching the country's petroleum bourse. He added that the National Iranian Oil Products Company (NIOPDC) has agreed to put up at least 30,000 tons of gasoline for sale every month on the Kish bourse.

Earlier in April, the National Iranian Oil Engineering and Construction Company (NIOEC) announced that Iran is set to increase its gasoline output from the current 42 million liters (11.09 million gallons) per day to 186 million liters (49.1 million gallons) per day.

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