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Iran to end petrol import

Iran Materials 2 August 2009 04:13 (UTC +04:00)

Iran will be able to export gasoline by the next one and a half years as refinery upgrades and construction plans will also end costly petrol imports to the country, Press TV reported.

In an interview with the Islamic Republic of Iran Broadcasting (IRIB) on Saturday, the Managing Director of National Iranian Oil Company Seifollah Jashnsaz said that the Islamic Republic already has 9 refinery development plans underway and major advances of between 80 and 90 percent have been made in this respect.

The deputy Iranian Oil Minister went on to highlight that Iran is currently building seven refineries.

He pointed to The Persian Gulf star refinery and said that it "is the biggest and most outstanding of all refineries being constructed in Iran and makes use of state-of-the-art technology."

"The said refinery, once fully operational, can produce 35 million liters of petrol on a daily basis. The production will not only satisfy Iran's demand for petrol but will also be sold at export markets."

Jashnsaz added that Iran presently is not facing any problem as to petrol storage since it has all its reservoirs full.

The official's remarks come as the US Senate has voted to ban companies that sell gasoline and other refined oil products to Iran.
Iran holds some of the world's biggest oil reserves, but currently imports 40 percent of its gasoline to meet growinge dmand.

American lawmakers hope that by cutting off the country's motor fuel, Tehran will abandon its nuclear program. Tehran says its nuclear program will be used for peaceful purposes to generate electricity.

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