(MENAFN) As the Sanctions get lifted, Iran will need to ship in nearly 20 percent more gasoline to meet its local demand in the first year.
The nation plans to form a market for around USD1 billion in fuel sales from overseas, thus purchasing about 50,000 barrels a day of gasoline.
However, the country may have to import more than the mentioned quantity, as much as 70,000 barrels a day, but it's not confirmed yet.
Furthermore, Iran was the Persian Gulf region's largest gasoline buyer before the world powers forced sanctions over its nuclear program.
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