Middle East:Iran targets 55 Ml gasoline from refineries by year end
55 million liters of gasoline per day is the target of Iran from its refineries by the end of current Iranian calendar year (March 20, 2011), according to the managing director of the National Iranian Oil Products Refining and Distribution Company The Islamic Republic of Iran News Network quoted Ali-Reza Zeighami as saying that “the development plans of Shazand, Abadan, and Tehran Refineries will come on stream in February.” Zeighami reported in August that Iran has allocated $2.2 billion for seven gasoline production and refinery renovation projects. Currently the projects are 70 percent complete on the average. “Once the projects come on stream, 12 million liters of gasoline would be added to the country's production capacity and 70 percent of the nation's demand for the product will be met domestically,” Zeighami explained. Iranian Oil Minister Masoud Mirkazemi announced in September that the country reached self-sufficiency after increasing its gasoline production to 66.5 million liters and no longer needed to import 20 million liters of its 64-million-liter daily consumption.
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