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Iran Exports First Locally-Produced Gasoline to Iraq, State-Run Mehr Says

Posted by Zand-Bon on Sep 30th, 2010 and filed under Oil & Gas, Sections. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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By Ladanne Nasseri


September 30, 2010

Iran exported its first domestically produced gasoline to neighboring Iraq, Ali Asghar Arshi, the National Iranian Oil Co.’s director of international affairs, told the state-run news agency.

Iran says it has countered sanctions that target its historic need to import gasoline and can now produce more than enough of the fuel.

Iran’s Oil Ministry said two days ago that it has exported its first load of gasoline, adding yesterday that four more shipments would soon be made.

The Persian Gulf country, the second-largest oil producer in the Middle East after Saudi Arabia, previously relied on imports for as much as 40 percent of its gasoline as it lacked the refining capacity to meet consumption.

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