BREAKING NEWS

Iran: If fuel sanctions are imposed, we'll produce our own gasoline

Irans oil minister If

Iranian Oil Minister Masoud Mir-Kazemi announced on Wednesday that his country's petrochemical plants would be capable of producing 14 million liters of gasoline daily in the event of fuel sanctions, according to a Press TV report. Gasoline production in such plants is costly compared to the imported gasoline on which a percentage of Iran's domestic consumption currently relies, the oil minister was quoted as saying.