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Iran To Boost Gasoline Production

Iranian Deputy Oil Minister Ali-Reza Zeighami says emergency plans will help boost the country's gasoline output sharply by early 2012.

The daily "Resalat" quotes Zeighami as saying on June 27 that daily gasoline production would increase by 17 million liters by the end of the next Iranian year, which runs until March 2012. This would amount to almost the same volumes that Iran is now importing.

"Resalat" said Iran currently produces about 43 million litres of gasoline per day. Zeighami said the boost would come from increasing the output of the Arak and other oil refineries. The announcement comes after the U.S. congress approved a bill to penalize firms supplying Iran with fuel.