Iran hopes to become largest gasoline exporter in 2-3 years

Published on RIA Novostni, by Atta Kenare, July 15, 2010.

Iran plans to commission several oil refineries by the end of 2010 and could become one of the largest gasoline exporters in a few years, the Islamic Republic’s petroleum minister said Thursday.

“I believe in 2-3 years we will become one of the largest gasoline exporters in the region and the world,” Massoud Mir-Kazemi told the Arab-language Russia Today TV channel.

“In any case, we will produce gasoline at our oil refineries and can stop importing it,” said the minister, who is on a visit to Moscow … //  

… The law was the first package of measures adopted by the United States following the UN Security Council’s passing of Resolution 1929, which imposed a fourth set of sanctions on Iran over its nuclear program, including tougher financial controls and an expanded arms embargo.

The additional U.S. sanctions affect more than 20 energy, oil and insurance companies controlled by the Iranian government and also ban oil product supplies to Iran. Russia has warned that it will respond to any unilateral sanctions hurting Russian companies. (full text).

Comments are closed.