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Iran Begins Gasoline Export

Iran - the world’s largest holder of non-renewable hydrocarbon reserves with its total oil and natural gas resources combined - was a net importer of this fuel until last September, when the Oil Minister Masoud Mirkazemi announced 20 million liters increase in gasoline production.

September 28, 2010 (Hamsayeh.Net) - Iranian oil officials announced complete self-sufficiency in production of gasoline and have just even exported the first shipment of this all-important commodity to international market. National Iranian Oil Ministry official Ali Asghar Arshi, manager of international affairs, told reporters today, ‘the first shipment of Iran's gasoline has been exported.’  

Iran - the world’s largest holder of non-renewable hydrocarbon reserves with its total oil and natural gas resources combined - was a net importer of this fuel until last September, when the Oil Minister Masoud Mirkazemi announced 20 million liters increase in gasoline production. The oil-rich Middle Eastern nation imported up to two-thirds of its domestic gasoline consumption from foreign producers. Domestic gasoline production has increased to over 65 million liters per day. 

Not long ago, the United States had calculated that due to heavy reliance on imported gasoline, soon after an anti-Iran resolution, the West would have a historic opportunity to exert enormous pressure on Tehran by placing crippling gasoline embargo, thus enforcing severe paralysis and international isolation. This rather self-indulgent notion was hailed as West’s most powerful trump card against the people of Iran. 

In the meantime, it is several months past since the last anti-Iran resolution was passed at UNSc, and evidently now it is the United States and a small circle of its allies that are sinking deeper into an economic quagmire the like of which has not been seen from the time of the Great Depression of 1930’s.

Iran begins exporting gasoline to international market.

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