Wednesday 21 March 2018

Iran inches closer to dream of gasoline independence | ZAWYA MENA Edition

Iran inches closer to dream of gasoline independence | ZAWYA MENA Edition:

"Iran has sharply reduced its gasoline imports in recent weeks after starting up a new refinery, trade sources said, bringing the oil-rich country closer to its goal of fuel self-sufficiency. The reduced dependence on imports comes as the future of a landmark 2015 nuclear accord that offered Iran sanctions relief hangs in the balance, with U.S. President Donald Trump threatening to pull out of the deal. Iran, despite being OPEC's third-largest crude oil producer, has for years struggled to meet its domestic fuel needs due to a lack of refining capacity and international sanctions that limited the supply of spare parts for plant maintenance."



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