According to
Press TV, 2.5
million barrels per day was
the crude oil Iran sold in early 2018. Today that figure has fallen to 500.000;
that’s a fifth. It’s no thanks to US sanctions. However, at
this critical time, it’s
comforting for the nation to be alerted to the discovery of a new oilfield
Namavaran and more importantly, a refreshed resolve to do more with resources
in hand.
The final wave
of sanctions or rather the economic war waged on Iran in 2018, with the US
pullout from the JCPOA on 8th May of that year, only made Iran more determined.
Determined to
get out of its dependencies once and for all. One dependency being on crude oil
sales, Iran pushed ahead with Persian Gulf Star Refinery PGSR. With PGSR called
Setareh Khalije Fars in Persian, Iran is now self-sufficient for petrol or
gasoline, good Euro 4 and 5 standard petrol. With that, it could even ramp up
its export capacity.