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

Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of the U.S. National Intelligence Agency, told a Senate Armed Services...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Only One-Fifth of Iran’s Annual Housing Needs Are Met

Beytollah Setarian, a housing expert, said in an interview that Iran needs one million housing units annually, but only...

Resignation, Job Change, and Nurse Exodus in Iran

The state-run Hame-Mihan newspaper has addressed the problems of the healthcare workforce in Iran, examining issues such as resignations,...

Must read

Obama, China discuss Iran at nuclear summit

Reuters: U.S. President Barack Obama's drive for tougher sanctions...

Iran Working With Hamas and Hezbollah to Thwart US Plan for Peace in the Middle East

Iran Focus London, 24 Mar - Hamas has increased...

You might also likeRELATED
Recommended to you

Exit mobile version