Iran expected to become gasoline exporter within two years

Jun 26, 2010 02:00 AM

Iran's deputy oil minister says the country will be self-sufficient in gasoline production within two years. New unilateral US sanctions targeting Iran's energy imports will put no pressure on the Islamic Republic, because the country can meet its energy needs, a senior official says.
"Despite sanctions, Iran will be self-sufficient in gasoline production within two years and after that we can begin exporting gasoline," Iran's Deputy Oil Minister Ali-Reza Zeighami said. He said that Iran imports 18 to 20 mm litres of gasoline per day, while it produces 43 mm litres.

Zeighami noted that Iran is implementing five projects at its refineries to increase gasoline production.
"After completion of these projects, Iran's gasoline production will hit 130 mm litres per day," the deputy minister was quoted as saying.

The US Congress voted in favour of new unilateral sanctions on Iran's energy and banking sectors over Tehran's nuclear program.
While the US possesses and has used nuclear weapons in the past, Washington, in a politically-motivated move, is imposing unilateral sanctions against Iran, which does not possess nuclear weapons nor does it seek to develop such weapons.

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