Iran Economy NewsIran: Plants to use benzene to increase gas production

Iran: Plants to use benzene to increase gas production

-

New York Times: Trying to offset the effect of sanctions on the country’s nuclear program, Iran said Wednesday that it would increase domestic gasoline production by converting two petrochemical plants so they could produce gasoline by processing benzene.

The New York Times

World Briefing | Middle East

By WILLIAM YONG

Trying to offset the effect of sanctions on the country’s nuclear program, Iran said Wednesday that it would increase domestic gasoline production by converting two petrochemical plants so they could produce gasoline by processing benzene. Iran is the world’s fifth-largest exporter of crude oil, but a lack of refining capacity forces it to import about 30 percent of its gasoline. The plan to increase production was announced by the oil minister, Masoud Mirkazemi, who predicted that Iran would become a net exporter of gasoline by 2015. Benzene, a product derived from natural gas, can be further processed to produce gasoline for use in cars and other vehicles. Experts said, however, that the product would burn poorly and contain more impurities than regular gasoline, causing damage to engines.

Latest news

The Strange Business of Real Estate Agents and Grave Sales in Iran

The state-run Hamshahri newspaper reported on the buying and selling of graves in Iran. The report says that 460 million...

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control over the Strait of Hormuz as a sign of power...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms shipment sent by the Iranian regime to the Houthi militants...

Iranian Regime Reports Attacks on U.S. Bases in Response to Larak Strike

Following the U.S. attack on IRGC positions on Larak Island, which killed and wounded several IRGC personnel and local...

U.S. Attacks IRGC Positions on Larak Island

Reports indicate that U.S. forces attacked two launch platforms belonging to Iran's Islamic Revolutionary Guard Corps (IRGC) on Larak...

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

Must read

Iran warns against meddling with its Russian ties

AFP: Iran called Wednesday on foreign powers not to...

Senators mull Iran nuclear threat, diplomatic efforts

AFP: The US Senate opened debate Tuesday on how...

You might also likeRELATED
Recommended to you