AIRLINK 72.68 Decreased By ▼ -1.42 (-1.92%)
BOP 5.06 Increased By ▲ 0.06 (1.2%)
CNERGY 4.35 Increased By ▲ 0.01 (0.23%)
DFML 29.87 Increased By ▲ 0.33 (1.12%)
DGKC 84.70 Increased By ▲ 1.15 (1.38%)
FCCL 22.30 Decreased By ▼ -0.13 (-0.58%)
FFBL 34.30 Decreased By ▼ -0.60 (-1.72%)
FFL 10.24 Increased By ▲ 0.37 (3.75%)
GGL 10.30 Increased By ▲ 0.30 (3%)
HBL 112.80 Increased By ▲ 0.80 (0.71%)
HUBC 140.51 Increased By ▲ 2.82 (2.05%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.51 Increased By ▲ 0.11 (2.5%)
KOSM 4.58 Decreased By ▼ -0.01 (-0.22%)
MLCF 38.65 Increased By ▲ 0.10 (0.26%)
OGDC 135.00 Decreased By ▼ -1.60 (-1.17%)
PAEL 26.55 Increased By ▲ 1.41 (5.61%)
PIAA 26.11 Decreased By ▼ -0.40 (-1.51%)
PIBTL 6.60 Decreased By ▼ -0.05 (-0.75%)
PPL 122.92 Decreased By ▼ -2.48 (-1.98%)
PRL 28.33 Increased By ▲ 0.12 (0.43%)
PTC 13.93 Decreased By ▼ -0.37 (-2.59%)
SEARL 54.93 Increased By ▲ 0.33 (0.6%)
SNGP 70.55 Decreased By ▼ -0.65 (-0.91%)
SSGC 10.44 Decreased By ▼ -0.06 (-0.57%)
TELE 8.58 Increased By ▲ 0.06 (0.7%)
TPLP 11.00 Increased By ▲ 0.06 (0.55%)
TRG 61.50 Increased By ▲ 0.80 (1.32%)
UNITY 25.20 Decreased By ▼ -0.13 (-0.51%)
WTL 1.31 Increased By ▲ 0.05 (3.97%)
BR100 7,666 Increased By 1.3 (0.02%)
BR30 25,129 Increased By 103.3 (0.41%)
KSE100 73,134 Increased By 369.5 (0.51%)
KSE30 23,748 Decreased By -27.7 (-0.12%)

 TEHRAN: Iran said on Sunday it has reached an agreement with Afghanistan to supply it with Iranian fuel and that it has started delivering the products to the neighbour's private sector.

Oil Minister Masoud Mirkazemi said "Afghanistan's private sector buys all its needed products from Iran," the oil ministry news service Shana reported.

"Oil products were already transited to Afghanistan and we hope from now on this country makes all its (fuel) purchases from Iran as there has been an agreement with Afghan officials," Mirkazemi said.

About one-third of Afghanistan's fuel needs, imported from Russia, Turkmenistan and Iraq, transit through Iran.

The transport of the fuel has become a sensitive issue as the Islamic republic has prevented the passage of trucks carrying the supplies to Afghanistan.

Tehran has hinted to Kabul that it suspected the transited fuel would supply US and other foreign troops fighting the insurgency in Afghanistan.

Iran, which is under international sanctions on its energy sector over its nuclear programme, has sought to increase its petrol production capacity.

Higher prices have also reduced Iran's daily petrol consumption from 60 million litres to about 45 million.

Mirkazemi said the Iranian government has "authorised the export of a billion litres of petrol" of its strategic reserves by the end of the Iranian year in March 2011.

"As new refineries come on line and the production capacity increases the current reserves can be exported and replaced," with new production, he said.

 

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed.