Iran has increased its strategic fuel reserves to 12 billion litres, the Mehr News Agency reported on Saturday.
Two new fuel storage facilities, with a total capacity of 400 million liters, have been inaugurated recently in west and south of the country. Some other facilities, with a total capacity of 570 million liters, will also come on stream by the end of the current Iranian calendar year (March 20, 2014). The country’s fuel storage capacity is projected to hit 15 billion liters by the end of the Fifth Five-Year Economic Development Plan (2015).  In April, the former Iranian deputy oil minister, Alireza Zeighami, said that according to current projections, Iran will export 30 million liters of gasoline per day by 2015, despite the international sanctions imposed on the country. Zeighami added that Iran’s gasoline production will hit 70 million liters per day by the end of the current Iranian calendar year. Iran exported over 132,000 tons of gasoline, valued at $134 million, in the past Iranian calendar year. According to data compiled by Iran’s Customs Administration, gasoline exports rose by 127 percent in value and 108.5 percent in volume in the past Iranian calendar year, compared to its preceding year. In addition, Iran is currently a leading producer of jet fuel for passenger and cargo planes. Meanwhile, the former managing director of the National Iranian Gas Company, Javad Owji, said in July that Iran has built a new natural gas storage facility with a capacity to store 4.6 billion cubic meters of gas.