Tehran, July 19: Iran’s oil minister says the country is committed to reducing its crude oil exports in order to increase the export of more valuable oil products.
Gholam-Hossein Nozari stressed that decreasing the amount of crude exports is a “strategy” of the Islamic Republic.
Today, Iran has the capacity to produce 4.3 million barrels of oil per day, Nozari said, adding that the Oil Ministry is tasked with turning the country into the biggest producer of petrochemical products in the region, IRNA reported.
He stressed that constructing new petrochemical plants in the country is of high strategic importance, especially considering some countries are threatening to ban gasoline exports to Iran.
The US has declared that it is mulling a legislation to ban gasoline exports to Iran in a move to put more pressure on the country to halt its nuclear program.
—–Agencies