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Iran to increase petrol production

Oil&Gas Materials 7 December 2010 15:09 (UTC +04:00)

Azerbaijan, Baku, Dec.7 / Trend A.Yusifzade /

Petrol production will increase by 10 million liters per day in Iran following the implementation of projects to increase production capacities of oil refineries by March 2011, Shana reported quoting Iranian Oil Minister Masoud Mir-Kazemi.

'Iran's oil refineries produce high-quality petrol, which is better than the imported," Mir-Kazemi said.

Earlier, Iranian Foreign Minister Manouchehr MottakiI said that Iran will export petrol in future, ISNA reported.

"We have witnessed submissive important developments both in domestic economy and foreign economic relations over the last 5 years when sanctions have been placing on Iran," Mottaki said. He was commenting on effects of sanctions on Iran particularly support of some Iran's neighbors for sanctions.

Mottaki then turned to Iran's progress in construction of pieces of machinery required for gas and oil industries, sending satellites into the space and manufacture of new automobiles over last five years when the country has been suffering sanctions.

He added the country's current non-oil exports total $30 billion a year, climbing by $22 billion compared to last five years.

Iranian Foreign Minister then pointed to recent speculations on cut of fuel imports to Iran and said, "They may cut down petrol export to Iran and then Iran turns into one of exports of the product."

The UN Security Council has imposed four sets of sanctions against Iran so far over the country's refusal to suspend its peaceful nuclear work.

The last round of the sanctions targeted Iran's shipping industry and banking.

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