Iran

[Shahab3]

Quakes cause over $650 million in damage in East Azerbaijan

AHAR, East Azarbaijan Province (MNA) – According to initial estimates, the earthquakes which hit East Azarbaijan Province on Saturday have caused 8 trillion rials (over 650 million dollars) in damage, a local official said on Monday.

“It is an initial estimate from the quake and there is a possibility that the costs will increase,” Mohammad Ashrafi, the deputy governor of the province, told the Mehr News Agency.
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Iran to inaugurate world’s largest gasoline refinery in 2-3 weeks
Economic Desk
On Line: 20 August 2012 16:05

TEHRAN - Iran will soon inaugurate the world’s largest gasoline production unit at Shazand refinery which will boost gasoline production capacity by around 8 million liters per day, the deputy oil minister stated.

Alireza Zeighami told the Mehr News Agency that the units will come on stream by the next 2-3 weeks. The gasoline which is produced by the Shazand refinery meets the Euro-5 standard.
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Iran Doubling Gasoline Production

TEHRAN (FNA)- Iran has shown an eye-catching performance in boosting gasoline production and harnessing domestic consumption since the government introduced the national subsidy reforms plan, officials said, adding that the country's gasoline production will experience a nearly 170 percent annual growth by March.

The Oil Ministry's website said gasoline production capacity stood at 43 million liters per day at the end of the Iranian calendar year 1389 (20 March 2010-19 March 2011), while it will hit 70 million liters per day at the end of the current Iranian year on 20 March 2013.
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