BREAKING NEWS

Iran inks oil products deal with Afghanistan

By REUTERS

DECEMBER 26, 2011 22:13

TEHRAN - Iran signed an agreement with Afghanistan on Monday to export one million tons per year of gasoil, gasoline and jet fuel to the neighboring country starting next year, the official IRNA news agency reported.

The Islamic state, which was long dependent on imported gasoline for 30 to 40 percent of its consumption, said last year it had started exporting the fuel. The sales were confirmed to Reuters by trade sources, but they did not know at the time where the cargoes were being exported.

"Iran has exported gasoil to Afghanistan over the past years but the export of gasoline and jet fuel will begin next year," IRNA quoted Ali Reza Zeighami, managing director of the National Iranian Refining and Oil Products Distribution Company, as saying.

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