Iran, a net importer of gasoline, may start exporting the fuel once the Persian Gulf Star oil refinery begins operating in late August, Fars news agency reported. The OPEC member currently imports 9 million liters per day of gasoline, Fars reported Tuesday, citing Naser Sajadi, managing director of National Iranian Oil Products Distribution Co. Iran’s domestic consumption rose 2 percent to 70 million liters (440,000 barrels) a day over the past 11 months compared with the same period in the previous year, according to the report. The country needs $1.7 billion to modernize its refineries, the oil ministry’s Shana news service reported Tuesday, citing Amir Hossein Zamaninia, deputy […]