Ninety Percent of Engine Oils Consumed in Iran Produced Domestically
Speaking in a seminar on lubricant industry and motor oil in Tehran, Mehdi Feizi, said that the annual consumption of lubricants in the country is about 700-750,000 tons, of which about 150,000 tons are industrial oils and the rest are motor oils used in the country.
“More than 90% of the lubricants needed in the country are being supplied and produced sustainably by domestic companies and are used by people and various industries,” the industrial activists said.
He stated that the SN5W20 oil, which was recently unveiled at the 10th Iran Motor Show and the 13th International Conference internal combustion engine (ICE), is suitable for the current needs of domestically produced engines, whose engine and performance tests are conducted in domestic automobile manufacturing companies, and is produced based on their protocol, receiving their approval.
Soheil Rashidi Aghdam, the head of Energy Innovation Center of Tehran-based Amirkabir University of Technology (AUT) said in the same seminar, that finding markets on the international stage for domestically produced oils and lubricant is important, noting, “Last year, $478 billion was spent on motor oil, lubricants and various greases in the whole world. Iran's share was less than 1% of this big market, and most of the big and famous producers are not present in this 1%.”
“The production by 4 domestic oil companies meets 85% of the internal needs for lubricants, and 15% of this need is supplied by foreign products,” the AUT researcher further asserted.
4155/i