Report: Iran becomes self-sufficient in gasoline production

In this photo released by an official website of the office of the Iranian Presidency on Sunday, Iranian President Hassan Rouhani, center, inaugurates a new refinery that produces some 12 million liters (3.17 million gallons) of gas in its first phase, in Bandar Abbas, some 1,205 kilometers south of Tehran. (Iranian Presidency Office via AP)
Updated 30 April 2017

Report: Iran becomes self-sufficient in gasoline production

TEHRAN: Iran has become self-sufficient in producing the amount of gasoline the country requires on a daily basis, the official IRNA news agency reported on Sunday.
President Hassan Rouhani inaugurated a new refinery that produces some 12 million liters (3.17 million gallons) of gasoline in its first phase, according to the report.
Iranians consume about 60 million liters (15.85 million gallons) of the fuel daily on average. The country already produces about 50 million liters (13.2 million gallons) and some 11 million liters (3 million gallons) had to be imported.
The report said the refinery in the port city of Bandar Abbas, some 750 miles (1,205 kilometers) south of Tehran, is capable of producing 36 million liters (9.5 million gallons) of gasoline per day after it is completed in 2018.
Rouhani said a 2015 landmark nuclear deal with world powers contributed to reaching the operation stage of the project. The deal capped Iran’s nuclear activities in return for lifting sanctions.
If the agreement hadn’t been reached, Rouhani said, “this giant refining unit would never go online.”
Rouhani answered the criticism by hard-liners who say Iran gave too much in return for too little under the deal. He is running for re-election in the May 19 presidential election in which hard-line rivals blame longstanding problems such as unemployment and recession on Rouhani’s 4-year-old administration.
“Those who say we have not seen results from the deal, come to the refinery and see all the related equipment that has been imported into the country without any hassle,” he said.
The refinery also daily produces 4.5 million liters (1.2 million gallons) of diesel fuel, 1.3 million liters (340 thousand gallons) of liquid petroleum gas and one million liters (264 thousand gallons) of kerosene.


Apple to launch first online store in India next week

Updated 18 September 2020

Apple to launch first online store in India next week

  • The company at present uses third-party online and offline retailers to sell its products in the country
  • India has become a key focus of tech giants over the last few years

NEW DELHI: Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets.
The company at present uses third-party online and offline retailers to sell its products in the country.
Apple CEO Tim Cook said in a tweet that the company “can’t wait to connect with our customers and expand support in India.”
The Sept. 23 launch comes ahead of India’s major Hindu festival season beginning next month.
With a nearly 1.4 billion people, including millions of new Internet users every month, India has become a key focus of tech giants over the last few years.
In August, three contract manufacturers for Apple iPhones and South Korea’s Samsung applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government.
Apple assembles some smartphones at Foxconn and Wistron’s plants in two southern Indian states.