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More Suppliers Competing to Sell Gasoline to Iran

TEHRAN (FNA)- Statistical data show that an increasing number of foreign suppliers are offering to satiate the countrys domestic needs to gasoline irrespective of the United States growing pressures on Irans energy sector. Figures show that Iran has imported 1.64 mln tons of gasoline from 10 countries during the last month. Official data also said that Tehran has imported 3 mln tons of gasoline during the last five months and after the approval of the UN Security Council sanctions Resolution 1929 against the country. India, Russia and France have joined the United Arab Emirates (UAE), Turkey, Turkmenistan, the Netherlands, Singapore, Oman and Saudi Arabia as Irans main gasoline suppliers. The development came despite the US warning about its punitive measures against those countries and companies which supply gasoline to Iran. The US Senate has recently passed a legislation to expand sanctions on foreign companies that invest in Irans energy sector and those foreign companies that sell refined petroleum to Iran or help develop its refining capacity. The bill, which later received the approval of the House of Representatives, says companies that continue to sell gasoline and other refined oil products to Iran will be banned from receiving Energy Department contracts to deliver crude to the US Strategic Petroleum Reserve. The bill was then signed into law by US President Barack Obama. Iran is the worlds fourth-largest oil exporter but the country relies on gasoline imports to meet 40 percent of its domestic demand due to the drivers lavish consumption resulted from the heavily subsidized cheap pump prices. Last Tuesday, Iranian Oil Minister Massoud Mir-Kazzemi announced that the country has increased domestic gasoline production to 66mln liters per day, meaning that Iran no more needs foreign imports. Iran has increased its gasoline production by 50 percentage points to become self-sufficient in the sector, Mir-Kazzemi said at the time. Irans daily gasoline production increased from 44 million to over 66 million litters, which means Tehran no longer has to import gasoline, he added.

13:27 - 14/09/2010    /    Number : 6595    /    Show Count : 3553