Late Iranian Response to American Sanctions, Upping Refinery Capacity………..
“Iran's plans to increase its oil refining capacity will allow it to join the group of gasoline exporting countries within five years, a London-based energy think tank says in a report. According to a research note released Thursday by Energy Market Consultants (EMC), which is part of FACTS Global Energy Group, by upgrading some of its refineries, Iran will not only be able to meet its domestic gasoline needs but will also attain a surplus in production by 2015, Dow Jones Newswires reported. The EMC believes Iran is able to conclude its current schedule of upgrades at Arak, Abadan and Isfahan refineries as well as the construction of one of three condensate splitters at the Bandar Abbas refinery by 2015……….”
Okay, Iranian television quoting a Western energy analysis firm. Clearly they liked the report. But it also seems to be the widely-held view of many that the Iranians have realized that their low refinery capacity is another Achilles Heel (in addition to than Ahmadinejad). Theat they are rapidly correcting the situation.
Cheers
mhg
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