May 13, 2020 08:08 Asia/Tehran [Updated: May 18, 2020 21:52 Asia/Tehran]
  • Exporting oil and gas products increased despite US sanctions

Tehran (IP) - Iran's exporting oil and gas products have been increased amid tough sanctions imposed by the US according to official sources.

Iran Press/Iran News: The Petroleum Ministry has over the past seven years undertaken numerous measures for increasing Euro-grade fuel production. Therefore, in addition to improving the quality of fuel production at refineries, exporting oil and gas products have been increased amid tough sanctions imposed by the US, Iran Petroleum quotes an official source.

Compressed natural gas (CNG), an alternative fuel, has been used in Iran’s transportation fleet for more than a decade. Environmental regulations, low costs, and the abundance of gas reserves constitute the main reason for choosing this fuel. However, one significant point is not out of the loop. Each cubic meter of CNG would save one liter of gasoline for exports, which would be instrumental in helping Iran shed selling unprocessed hydrocarbon.

Another potential challenge for Iran is gasoline consumption under conditions of sanctions. Should gasoline consumption not stop, Iran would have to import gasoline anew as long as sanctions are in effect.

Increasing production capacity of refined petroleum products and boosting that of clean gasoline and other fuels in Iran would be significant when the country would be able to export fuel in addition to meeting domestic needs.

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