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FINANCIAL NEWS
Iraq to increase Iranian diesel imports
18 May 2013
(MENAFN) The National Iranian Oil Refining and Distribution Company’s (NIORDC) director, Alireza Zeighami, announced that his country will increase its exports of diesel to Iraq to around 5 million liters per day, reported Reuters.
Zeighami added that during the current Iranian year, the country’s output of diesel is expected to reach 100 million liters per day, noting that after meeting domestic demand, there would be at least 3 million extra to ship to its neighbor.
In March, Iran’s Oil Minister inked an agreement to export 2 million liters per day of diesel to Baghdad.
It is worth noting that mutual trade between Iraq and Iran amounted to nearly USD12 billion.
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