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Majlis Energy Commission Member Stresses Iran's Vast Gasoline Production Capacities

Service : Economy
TEHRAN, Feb 22 (ICANA) – A member of the Iranian Parliament's Energy Commission said here on Tuesday that the country enjoys the necessary capacity and capabilities to produce high quality gasoline.
Tuesday, February 22, 2011 8:47:24 PM
Majlis Energy Commission Member Stresses Iran's Vast Gasoline Production Capacities

"Iran is capable of producing gasoline based on international standards and the quality of the gasoline produced in our petrochemical complexes matches the international standards," Majid Nasseri-Nejad told FNA in the Southwestern city of Shadegan on Tuesday. He further noted western sanctions against Iran all throughout the last 33 years after the victory of the Islamic Revolution, and stressed, "Western sanctions have no impact on the progress of the Islamic Republic in different fields." The lawmaker reminded that the western sanctions and embargoes have rather backfired, saying, "Western sanctions have encouraged Iran to take further steps towards self-sufficiency and as a result of the same sanctions, our needed gasoline is produced domestically." Last month Iranian President Mahmoud Ahmadinejad said that Tehran planned to boost production of gasoline in the country's oil refineries in a bid to satiate domestic needs and further join Gasoline exporters club. "Iran is due to increase gasoline output by 12 million liters daily by mid March," Ahmadinejad said, addressing the people in the inauguration ceremony of a freeway near Tehran in January. He also referred to the western countries' failed pressures to ban refined petroleum products including gasoline to Iran, and said the country held a multi-billion-liter stockpile of gasoline. Ahmadinejad said the country's economic overhaul based on which the government has phased out subsidies has paved the way for saving the gasoline. "I have ordered the Oil Ministry to export some of the amount, so that countries which imposed sanctions on us will see that we will be exporting petrol." Also earlier in January, Deputy Head of Iran's Department of Environment Ali Mohammad Shaeri told FNA that the country plans to produce a daily volume of 8 mln liters of high quality gasoline and gasoil based on Euro 5 by late May, 2011. "It was decided that a daily volume of at least 8mln liters of fuel based on Euro 5 standards should be produced and sold at the gas stations," Shaeri said. "Maximum by the end of June, 2011, the gasoline and gas oil sold to the public will be based on Euro 5, at least in Tehran," Shaeri added. Iran's daily gasoline production capacity will soon increase by 6.5 million liters once the huge national gasoline production project in the country's Southwestern Abadan refinery comes into stream in February. "The huge project for increasing the gasoline production capacity of Abadan refinery is on the verge of official inauguration," Managing-Director of Abadan Oil Refinery Company Abdolreza Mehraban told reporters late December, adding that the project is already complete by 90%. After the UN Security Council ratified a sanctions resolution against Iran on June 9, the United States and the European Union started approving their own unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors, including a US boycott of gasoline supplies to Iran. The US Senate passed a legislation to expand sanctions on foreign companies that invest in Iran's 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, said companies that continue to sell gasoline and other refined oil products to Iran would 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. Earlier in September, 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. Iran's daily gasoline production increased from 44 million to over 66 million litters, which means Tehran no longer has to import gasoline, he added. In September 2010, Iran started exporting gasoline after increasing its daily fuel production. "The first shipment of Iran's gasoline has been exported," Manager of International Affairs at the National Iranian Oil Company Ali Asqar Arshi announced at the time.

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