Iran officially begins export of gasoline with a fist shipment to neighboring Afghanistan.

Senior Iranian petroleum official says fuel stocks in the country are in an ideal condition.

Iran says the volume of diesel and petrol smuggled from the country shrank by over 20 percent.

Iran is now a gasoline exporter after opening the third phase of what is billed as the Middle East's largest condensate refinery amid the harshest sanctions imposed by the US.

With the inauguration of third phase of Iran’s gas condensate plant in the southern city of Bandar Abbas, the Islamic Republic has become self-sufficient in gasoline production.

The blast has put renewed attention on the government's strategy to stop fuel theft.

The Iranian government has been allowed to get a $5 billion loan from Russia for infrastructure projects, a parliamentary spokesman said on Tuesday.

Iran is to mark a milestone in gasoline production this week when the third phase of its most important refining project comes online, making the country self-sufficient in the fuel.

As the United States is preparing to re-impose a series of economic sanctions against Iran, signs show Washington will not be able to exploit what was generally believed to be Iran’s Achilles heel in the previous round of sanctions.

Iran has reported a major plunge in its imports of gasoline in a move that many believe could strengthen the country against the upcoming US sanctions.