A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
Spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union Hamid Hosseini noted that export of a sum of 30 million liters of gasoline per day can earn the country three billion to four billion dollars.
He noted that Iran presently produces 115 million liters of gasoline per day and as predicted by implementing the rationing scheme the country will have an excess of 30 million liters of gasoline per day which can be exported.
On November 13, the Iranian government started rationing subsidized gasoline and increased fuel prices as it plans to use the revenue for supporting underprivileged families.
On November 26, the Iranian Oil Ministry announced that domestic consumption has decreased by 19 million liters per day after the implementation of gasoline rationing scheme in Ir
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.
TEHRAN (FNA)- Iran's exports of steel will reach 10mln tons by the end of the current Iranian year (to end on March 19), an official said.
The iron ore price outlook has weakened ahead of a major Chinese holiday on fears that a coronavirus strain outbreak could delay the spring restart of construction projects.
And although the broad commodity market finished up 17.6% on the year, the performances of individual commodities were all over the map. For those familiar with the sector, that’s pretty much par for the course.
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third year in a row as Beijing’s efforts to stimulate the economy pays off.
Rio Tinto on Friday posted a 3% drop in iron ore shipments in 2019 as the Anglo-Australian miner’s operations faced disruptions due to cyclone and a fire at a port facility.