Commodity Market Report

Iran product markets long-term outlook H1 2019

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18 July 2019

Iran product markets long-term outlook H1 2019

Report summary

Iran is actively investing in its refining sector which will materially impact its refined product balances; Historically Iran has relied on imports of gasoline and diesel/gasoil to meet domestic needs however, looking ahead, demand should be better met by local sources. We forecast Iran to continue to require gasoline imports and to have a growing distillate surplus, as a number of refinery projects come to market.

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