Iran’s gasoline output to hit 70 million liters

TEHRAN, Nov. 28 (MNA) -- Four development plans will come on stream by the end of the current Iranian calendar year (March 20, 2012), boosting the country’s gasoline production capacity to 70 million liters per day. Gasoline production in Iran will be boosted by 16 million liters by the end of the year, the deputy oil minister Alireza Zeighami told earlier this month. Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising refinery capacity and lower fuel subsidies help neutralize western sanctions aimed at starving Tehran of fuel.