Iran exports its crude to, and buys processed / refined fuel from, India and China. I guess they’re talking about ending that “export”.
It has something to do with the way the government subsidizes gasoline production. They import almost all of their supply now.
I don’t get it either.
Anyway, the domestic goal is 100% energy independence. Go figure.
It’s called “starving the beast”. (The Western World)
They know that any reduction in what they export will cause World prices to stay high and even keep climbing. The evidence of economic disaster is beginning to show and they see the correct cause.
Too bad our own government is completely brain dead. They couldn’t see a train coming even if they were tied to the tracks.
In 2006, Iran launched a five-year program to increase domestic refining capacity from the current 1.65 to 3.3 million barrels per day. In 2007, Teheran imposed gasoline rationing in what officials said led to a sharp decline in imports.
Iran is improving its domestic capacity to refine crude oil into gasoline so it can stop having to import the finished product to make up the shortfall.
That said, the writer at the news service really does need to brush up on the definitions of and use of the words "import" and "export" in situations like this.