Iran inks oil products deal with Afghanistan; Tehran to export one million tons per year of gasoil

Iran signed an agreement with Afghanistan on Monday to export one million tons per year of gasoil, gasoline and jet fuel to the neighboring country starting next year, the official IRNA news agency reported.

In April, trade sources said Iran had struck a deal to sell gasoline to Iraq but that the rare cargo did not mean the Islamic Republic had became a net exporter and free from its dependence on gasoline imports.

President Mahmoud Ahmadinejad said on Wednesday his country would become a major gasoline exporter by 2013, despite the West’s toughest-ever sanctions on the Islamic state.

The sanctions have targeted a vulnerability caused by Iran’s lack of refining capacity, and many foreign companies have been forced to withdraw from Iran’s energy sector.

Iran, the world’s fifth-largest oil producer, has estimated its reserves at 150 billion barrels of oil and 33 trillion cubic meters of gas.

http://www.alarabiya.net/articles/2011/12/27/184768.html