NIORDC Forced to Export Cheap Gasoline as Stockpiles Keep Rising

Gasoline inventories are full and the National Iranian Oil Refining and Distribution Company needs to export the fuel, a spokesman of the Petroleum Products Exporters Union said.
“Gasoline storage facilities are full and the excess must be sold to international buyers (even at low prices),” Hamid Hosseini was quoted as saying by ILNA on Wednesday.
Demand for gasoline has declined in neighboring countries due to the coronavirus outbreak and the lockdowns that have ravaged big and small economies.