Tehran, Kabul sign agreement to increase exports of Iran's oil

Iranian and Afghan officials in a meeting in Tehran inked an agreement for the annual export of 1mln tons of oil products from Iran to Afghanistan. The officials of Iran's Oil Ministry and Afghanistan's Ministry of Industries and Commerce signed the agreement on Monday. "60 to 70 percent of this consignment will be oil gas, 20 to 30 percent gasoline, and the remaining 10 to 20 percents jet gas, and their prices, too, will be based on international prices of these products, each year, respectively," Managing Director of the National Iranian Refining and Distribution of Oil Products Company Ali-Reza Zeiqami said in a press conference after the signing of the contract. Earlier, Zeiqami had said that Iran is exporting large supplies of gasoil and gasoline to four regional countries, including Iraq. "At present 1.5mln litters of gasoil is exported to Iraq every day," Zeiqami said in August. "Armenia has also announced its readiness to import a daily volume of 1mln litters of gasoil and 1mln litters of gasoline (from Iran)," he stated. Also in March, Iran exported the first cargo of gasoline produced inside the country to the neighboring Afghanistan. "We have exported a 1,000-tonne cargo of gasoline to Afghanistan this (Iranian year), and we are amidst negotiations to export the second and third cargoes to the country," Zeiqami told FNA at the time.