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Tuesday, May 25, 2010     FOR YOUR EYES ONLY

Oil importer Iran to boost exports, beat sanctions with new refineries

NICOSIA — Iran intends to end gasoline imports by 2013.

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Officials said the construction of at least two refineries could end gasoline imports over the next two years.

They said Teheran's program would also reduce its vulnerability to any U.S.-proposed gasoline embargo on Iran in an effort to block its uranium enrichment program.


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"By building new refineries we will become a gasoline exporter," National Iranian Refining and Oil Products Distribution Co. managing director Ali Reza Zeighami said.

"The plan is to become self-sufficient in two years by implementing the scheme to increase gasoline production in refineries."

Iran was reported to import at least 30 percent of its gasoline requirements. Officials said this has resulted in the delivery of more than 20 million liters of gasoline per day.



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