Yesterday the oil minister of IRR, the Islamist Rapist Republic, had a very interesting press conference.
His announcement about increase in the country’s “proven oil reserve” by nearly 9% and “foreign companies” investing in Iran’s oil and gas projects were dismissed out of hand by reputable international oil industry experts.
The interesting part about the press conference has to with the gasoline imports which account for around 40% of the country’s needs.
To make up the shortfall due to international sanctions, the Islamist Rapists have had to retool the petrochemical plants to refine gasoline.
Financial Times reports:
“Some Iranian oil analysts believe the petrol produced in petrochemical factories is too costly, which makes the new measure only a short-term solution.
They reckon it costs at least 15 times more than the petrol made in refineries, which rises to about 40 times if disruption of the petrochemical industry is also taken into account.
People are also concerned about health hazards of the high-octane petrol on their lives and the damage to cars.”
In the enclosed video clip Mr. Minister claims for the purpose of “re-exporting” by Iran, IRR has issued permission for the sale of gasoline to Iran by the foreign suppliers. The stipulation being the sale price must be lowered by $20.00.
In other word, the foreign companies are to risk losing American market and if caught selling to IRR, get a hefty fine, all for selling their gasoline at discount to IRR so it can mark it up and resell it on the international market.
Hence, Khomenini, the Islamist Rapists’ mass murderer of a founding “Imam’ and his axiom often quoted: “economy is for donkey”.