US Congress Spurs Expansion of Iranian Oil Refineries, Mysterious Ways of Mullahs……
“Emergency plans will help Iran boost gasoline output sharply by early 2012, an official said in comments published on Sunday, after the US congress approved a bill to penalize firms supplying the Islamic state with the fuel. Iran is the world's fifth-largest oil producer but lack of sufficient refining capacity forces it to import up to 40 percent of its gasoline needs -- making it potentially vulnerable to punitive measures targeting the trade. Deputy Oil Minister Ali-Reza Zeighami said on Sunday daily gasoline production would increase by 17 million liters by the end of the next Iranian year, which runs until March 2012, "through the implementation of emergency plans," the daily Resalat said. This would amount to almost the same volumes that Iran is now importing…..”
Maybe: sanctions do tend to force a country to improvise. But why did they have to wait for the US Congress to act on refinery expansion? And why is it only on an emergency basis? Truly the ways of the mullahs are mysterious.
Cheers
mhg
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