One of the most humiliating aspects for Iran of the last sanctions era was that it was dependent on the whim of the U.S. for gasoline just to keep its vehicles moving, Mehrdad Emadi, head of risk analysis and energy derivatives markets consultancy, Betamatrix, in London, told OilPrice.com . “At the time that the new sanctions were introduced last year [by the U.S.], Iran was absolutely determined not to be in the dependent position again, which is why it has pushed ahead so determinedly with the PGSR [Persian Gulf Star Refinery], and why Iran is now not just self-sufficient for gasoline but is actually looking to ramp up its export capacity,” he added. According to comments last week from the chief executive officer of the PGSR (also more generically called the Bandar Abbas Gas Condensate Refinery), Mohammad Ali Dadvar, the plant earned US$100 million by exporting petroleum products in […]