Iran Economy NewsIran denies it resumed petrol import

Iran denies it resumed petrol import


AFP: A top Iranian lawmaker denied Wednesday he had said the oil-rich country had decided to resume petrol imports, after the oil minister said Iran was “self-sufficient.”

by Mohammad Davari

TEHRAN, August 24, 2011 (AFP) – A top Iranian lawmaker denied Wednesday he had said the oil-rich country had decided to resume petrol imports, after the oil minister said Iran was “self-sufficient.”

“I do not confirm the report regarding petrol imports into the country,” Nasser Soudani, deputy chairman of parliament’s energy commission, was quoted by the state television’s website as saying.

“Unfortunately, the report was published based on a misinterpretation made by some media,” he added.

The remarks came after the Mehr news agency quoted him as saying on Monday that the government had decided to import petrol, targeted by international sanctions on Iran over its disputed nuclear programme.

“The domestically produced petrol due to its low octane (rating) lacks a desirable quality and has to be mixed” with imported fuel with a better quality, Soudani was quoted by Mehr.

It quoted Soudani as saying the decision to import petrol also would allow the government to meet daily petrol needs, following a decrease in output he blamed on a May 23 blast at the southern Abadan refinery, Mehr reported.

Oil minister Rostam Qasemi on Tuesday dismissed the report, saying Iran was “self-sufficient” in petrol production.

“We currently do not have the need to import petrol, but we may have the need for some necessary components to produce petrol,” the ministry’s website quoted him as saying, without specifying what type of “components” Iran would have to import.

Iran in September 2010 announced self-sufficiency in petrol production with daily output of 66.5 million litres.

Since then, Iranian officials have repeatedly reaffirmed that the Islamic republic was self-sufficient in petrol, while the production capacity has decreased after petrochemical plants stopped producing the fuel.

The Islamic republic currently produces around 50 million litres of petrol per day, managing director of the National Iranian Oil Products Distribution Company Jalil Salari told Mehr on August 14.

The Islamic republic’s daily petrol consumption currently stands at 54.8 million litres, according to the oil ministry news agency Shana.

The reports come amid a row between the parliament and government over the issue of petrol imports, with lawmakers arguing Iran needs to increase petrol reserves through imports.

Energy commission chairman Hamid Reza Katouzian told ISNA news agency on Friday that given the production capacity at the refineries, “We are faced with a shortage of petrol.”

Katouzian said the last month of summer sees an increase in road travel, and it “requires the government to import some petrol.”

Experts say petrol reserves in the country are running low as officials have failed to compensate the cut in imports with domestic production, the Shargh newspaper reported on Wednesday.

Despite holding around 10 percent of world crude reserves and being the second-largest producer in OPEC, Iran for years imported large volumes of petrol as it lacked refining capacity and struggled with inefficiency.

Latest news

US Sanctions IRGC’s Foreign Terrorism, Intel Unit Chief

The US government has imposed sanctions targeting the Chief of the Intelligence Unit of Iran’s Islamic Revolutionary Guard Corps...

Iran’s Fruit Production: Exports High, Consumption Low, Prices Soar

Iran's diverse climate, topography, and altitude give rise to a wide variety of fruits, ranging from tropical dates to...

Iran’s impoverished population has skyrocketed

Over the course of a decade, 11 million people (about twice the population of Arizona) have been added to...

Iran’s Medicine Shortage Continues as Production of Sports Supplements Increase

One of the dilemmas before ordinary Iranians is the shortage and skyrocketing price of medicines. All the while, the...

Iranian Regime Presidency Servers Taken Over By Dissidents, Exposing Regime Vulnerabilities

In a significant security breach, the official website of the Iranian regime’s presidency was taken over by Iranian dissidents...

Abolfazl Amir Ataei, 16, Dies After 8 Months In A Coma

Abolfazl Amir Ataei, a 16-year-old teenager in the Iranian capital of Tehran, died on Friday, May 26, after being...

Must read

U.S. calls Iran nuclear breakthrough claim ‘hype’ as oil rises on concerns

Bloomberg: The Obama administration and arms control specialists in...

A trail of bullet casings leads from Africa’s wars back to Iran

New York Times: A British arms researcher surveying ammunition...

You might also likeRELATED
Recommended to you