Azernews.Az

Diesel fuel consumption in Iran's power plants has surged by 142 percent since the beginning of the current Iranian calendar year (March 21) compared to the same period in the previous year, Mehr news agency reported.

Duirng the first 58 days of the current year, 1.498 billion liters of diesel fuel has been delivered to the power plants, showing 50 percent rise compared to the same period in the past year.

Moreover, 2.141 billion liters of furnace oil has been delivered to the power plants, up 26.2 percent year on year.

For the time being, some 94 million liters of diesel is produced in oil refineries of the country per day.

At present, Iran has the capacity to store 11.5 billion liters of fuel, which is sufficient for 58 days consumption. Last year, 16 storage facilities were inaugurated nationwide, boosting the country's storage capacity by 1 billion liters. The storage capacity is planned to hit 14.5 billion liters by 2016.

Deputy Oil Minister Alireza Zeighami has said that a package of investment, worth $47.5 billion, has been prepared to develop different sectors of the oil refining and distribution industry, Mehr reported.