New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines

Results 1 to 9 of 9
  1. Join Date
    Jan 2007
    Posts
    1,815
    #1
    http://news.yahoo.com/s/afp/20070628...l_070628173213
    LONDON (AFP) - Despite being the world's fourth-biggest producer of crude oil, Iran's lack of refineries means insufficient petrol is made in the country -- a situation that led to unrest this week.
    Iran, which is also the second-biggest producer in the Organization of Petroleum Exporting Countries, is plagued by a global problem of limited refining capacity.
    The Islamic republic produces 44.5 million litres of or petrol, or gasoline, a day -- which is not enough to meet demand of 79 million litres.

    This is weird.does this mean they will start using nuclear power?

  2. Join Date
    Mar 2005
    Posts
    8,837
    #2
    this only means that they really need the American Businessmen and investors

  3. Join Date
    Jan 2007
    Posts
    1,815
    #3
    sa palagay ko nga .pati yong commercial airlines nila needs the americans dahil nagsstart ng malaglag sa ere due to lack of spare parts from the makers which are americans

  4. Join Date
    Oct 2002
    Posts
    21,253
    #4
    Hmmm, baka it's a ploy so they can have the alibi to go nuclear.

  5. Join Date
    Oct 2002
    Posts
    14,822
    #5
    That just shows how MISMANAGED Iran has become over the past few decades (since the Revolution).

    I mean, they are tying to go nuclear and wasting precious money instead of trying to harness the energy source that is readily available to them.

    Venezuela might also follow this trend someday since they have limited know-how on how to extract & process tar crude oil if ever they pushed though with a 100% nationalization of their oil wells.

  6. Join Date
    Jul 2006
    Posts
    128
    #6
    Quote Originally Posted by boybi View Post
    Hmmm, baka it's a ploy so they can have the alibi to go nuclear.
    looks like... but even before they can finish their nuclear project Israel will hit them first.

  7. Join Date
    Aug 2004
    Posts
    22,704
    #7
    They need more investors, but the rest of the world is jittery about Iran's current regime.

    But who knows? Maybe the Chinese or the Russians will send more investment money their way.

    Ang pagbalik ng comeback...

  8. Join Date
    Oct 2002
    Posts
    400
    #8
    Well, thats what happens to rogue states like North Korea, Iran and now Venezuela. They should learn to co-exist peacefully with the rest of the world and learn to respect the only remaining superpower in the world.

  9. Join Date
    Sep 2006
    Posts
    1,266
    #9
    If I were an investor wanting to make money in the oil industry, I wouldn't invest in Iran.

    Why?

    The news would already speak for themselves...

#2 oil producing opec member on gas ration