Printer Friendly

Iran Dismisses Gasoline Sanctions as Fruitless.

Summary: TEHRAN (FNA)- Iran announced that any gasoline sanction against the country by certain states will bear no fruit due to the great surplus of refineries and the refining companies' obligation to produce and sell their products.

"Considering the 7 percent negative growth of the developed countries and the likelihood of the insolvency of many refining companies, any discussion of imposing an embargo on the supply of gasoline to Iran on the global markets is futile," managing director of the National Iranian Oil Products Distribution Company (NIOPDC) Farid Ameri said on Monday.Noting that Iran has no concerns over supplying its needed gasoline, Ameri reiterated that the country relies on its petrochemical industries to produce high quality gasoline in the near future.He dismissed some media reports on the import of gasoline from Venezuela, and said the agreement signed with the Latin American country is just a Memorandum of Understanding (MoU).Venezuelan President Hugo Chavez had announced his country's preparedness to export 20,000 barrels of gasoline to Iran as soon as October. Speaking in a joint press conference with his Iranian counterpart Mahmoud Ahmadinejad during an official visit to Tehran in early September, Chavez reiterated that the two countries had signed an agreement in this regard. Iran is the world's fourth-largest exporter of crude oil but due to the lavish consumption of heavily subsidized fuel by Iranian drivers, the country cannot meet its domestic gasoline needs, and is forced to import large amounts which it then sells at very cheap pump prices, burdening the budget. Iran imports 22-25 million liters of gasoline per day at present.

2006 Fars News Agency. All rights reserved

Provided by an company
COPYRIGHT 2009 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:FARS News Agency
Date:Oct 6, 2009
Previous Article:Study Reveals Information on Prion's Molecular Structure.
Next Article:Jalili Highlights Significance of Iran-Iraq Ties.

Terms of use | Copyright © 2015 Farlex, Inc. | Feedback | For webmasters