Shell stops selling gasoline to Iran

http://www.ynetnews.com/articles/0,7340,L-3860902,00.html ^

[jhpigott]

Royal Dutch Shell Plc said Wednesday it has stopped selling gasoline to Iran, the latest company to cease business with a country that is increasingly targeted by US-encouraged sanctions.

"We do not currently sell any gasoline to Iran," said Rayiner Winzenried, a Shell spokesman in The Hague. He declined to say when the sales to Tehran were halted or to relate the move to the call for tighter sanctions. (AP)

[the_devils_advocate_666]

I’m sure they’ll get all they need from CITGO.

[a fool in paradise]

No oil for bloody regimes.

[A_Tradition_Continues]

"We do not currently sell any gasoline to Iran,"

...but we will sell them diesel, jet fuel and other petroleum based products.

[kcvl]

Has Tyson (Arkansas company/big Clinton buddy) stopped?

[jhpigott]

right on the heels of this story -

Bibi Netanyahu has been calling for strong/crippling sacntions against Iran’s energy sector. While it doesn’t look like that’s going to happen becuase of Russia and China’s opposition to the new sanctions, it looks like the net practical effect is going to be just as bad as sanctions . . .

Oil Traders Dump Iran

Reported: 01:45 AM - Mar/09/10
Follow Israel news briefs on and

(IsraelNN.com)
The three largest oil trading firms in the world – Glencore, Trafigura and Vitol – announced Monday that they would no longer do business with Iran. A report in the London Financial Times said that the companies had concluded that there was too much risk and not enough profit in supplying Iran. The three companies had been responsible for supplying Iran with about half its daily oil use.

[kcvl]

Tyson Foods, Inc.
P.O. Box 2020
Springdale, AR 72764-6999

Telephone: 1-800-643-3410

[max americana]

doesn’t Iran have their own supply?

[null and void]

They have plenty of oil, but no refineries.

[jhpigott]

They have plenty oil, but only 1 gas refinery. From what I understand, the bulk of their gas is imported. One strategically placed bomb and Iran has zero gas refining capability

[mowowie]

i don’t believe they have many, if any refineries.

[Buckeye McFrog]

“We do not currently sell any gasoline to Iran,”

We call it “petrol” here on the Continent...

[Army Air Corps]

Ping.

[thackney]

Iran has plenty of crude oil but is far short on refining capacity.

They may still be importing ~40% of their gasoline.

[mowowie]

Developing nuclear bombs is more important than refining their oil for their people.

[thackney]

Lots of misinformation being posted. Let me help a little.

Refining

Iran’s total refinery capacity in 2009 was about 1.5 million bbl/d, with its nine refineries operated by the National Iranian Oil Refining and Distribution Company (NIORDC), a NIOC subsidiary. Iranian refineries are unable to keep pace with domestic demand, but Iran plans to increase refining capacity to around 3 million bbl/d by 2013. Increases through expansions at existing refineries as well as planned grass-root refinery construction, could eliminate the need for imports by 2013. In addition, Iran has discussed joint ventures in Asia, including China, Indonesia, Malaysia, and Singapore to expand refining capacity.

Gasoline

In 2008, Iran consumed around 400,000 bbl/d of gasoline, roughly the same amount as in 2007. Iran does not currently have sufficient refining capacity to meets its domestic gasoline and other light fuel needs. However, according to FACTS Global Energy, government targets for domestic gasoline refinery projects combined with the elimination of gasoline subsidies could make Iran a gasoline exporter by 2013. FACTS Global Energy forecasts approximately 2% demand growth in 2010, increasing to 3% through 2015.

The Rationing System

In late December 2009, private motorist gasoline quotas at the subsidized price of $0.38 per gallon ($0.10 per liter) was reduced from 26 gallons per month (g/m; 100 liters per month) to 21 g/m (80 liters per month). Part-time taxis, commercial vehicles, and government vehicles have special allowances. Iranian officials have publicly discussed the possibility of reducing the subsidized quota to around 16 g/m (60 liters per month).

Gasoline Imports

Iran gasoline imports approximated 130,000 bbld/ in 2009, nearly 80 percent of total product imports. Over the course of the year, Iran’s gasoline import sources and volumes may change. For example, a company trading gasoline volumes in March may raise, lower, or not supply volumes in April, or any other month of the year. According to industry sources, some large, multinational wholesalers such as Glencore, Trafigura, and Vitol regularly provided Iran with gasoline in 2009.

EIA > International > Country Analysis Briefs > Iran > Oil
http://www.eia.doe.gov/cabs/Iran/Oil.html

[manic4organic]

I’ll bet a severe gasoline shortage would hasten the fall of the insane Mullahcracy.

[Gabrial]

“They have plenty oil, but only 1 gas refinery...”

And you bet your bippy the Israelis know exactly where it is.

Can u say “boom”?

[avacado]

"I’m sure they’ll get all they need from CITGO."

Interesting. That's has me wondering. CITGO'S refineries are in the USA. Can Hugo take the gasoline from the USA to sell to Iran?