Editing Economy of Iran (section)

==== Petrochemicals ====
{{Main|National Petrochemical Company}}
[[File:Iran Oil Products.jpg|right|thumb|[[National Iranian Oil Refining and Distribution Company|Iran's refining capacity]] (2007–2013 est.)]]

Iran manufactures 60–70% of its equipment domestically, including refineries, oil tankers, drilling rigs, offshore platforms, and exploration instruments.<ref>{{cite web|url=http://www.nitc.co.ir/iran-daily/1387/3265/html/economy.htm |title=Dehloran Refinery Under Construction |access-date=July 23, 2010 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20110329204835/http://www.nitc.co.ir/iran-daily/1387/3265/html/economy.htm |archive-date=March 29, 2011 }}. ''Iran Daily'', November 9, 2008.</ref><ref>{{cite web|url=http://iran-daily.com/1386/2829/html/economy.htm |title=Company Advances In Energy Capabilities |access-date=February 7, 2012 |archive-url=https://web.archive.org/web/20071020011650/http://iran-daily.com/1386/2829/html/economy.htm |archive-date=October 20, 2007 }}. ''Iran Daily'', April 29, 2007.</ref><ref>[http://niordc.ir/index.aspx?siteid=77&pageid=973&newsview=6402 Iran Ready for Sudden Cut in Gas Supplies] {{Webarchive|url=https://web.archive.org/web/20120309221859/http://niordc.ir/index.aspx?siteid=77&pageid=973&newsview=6402 |date=March 9, 2012 }}. [[Fars News Agency]], July 14, 2010. Retrieved July 26, 2010.</ref><ref>[http://www.shana.ir/155561-en.html Share of domestically made equipments on the rise] {{webarchive |url=https://web.archive.org/web/20120309074817/http://www.shana.ir/155561-en.html |date=March 9, 2012 }}. SHANA, July 18, 2010. Retrieved July 26, 2010.</ref>

Based on a fertilizer plant in [[Shiraz]], the world's largest [[ethylene]] unit, in [[Asalouyeh]], and the completion of other [[National Iranian Petrochemical Company#Special industrial economic zones|special economic zone projects]], Iran's exports in petrochemicals reached $5.5 billion in 2007, $9 billion in 2008 and $7.6 billion during the first ten months of the [[Iranian calendar#Solar Hejri and Gregorian calendars|Iranian calendar year]] 2010.<ref>[http://www.shana.ir/165360-en.html Petrochemical Exports Pass $7 Billion] {{webarchive |url=https://web.archive.org/web/20110206013229/http://www.shana.ir/165360-en.html |date=February 6, 2011 }}. SHANA, January 31, 2011. Retrieved March 23, 2011.</ref> [[National Petrochemical Company]]'s output capacity will increase to over 100 million&nbsp;tpa by 2015 from an estimated 50 million&nbsp;tpa in 2010 thus becoming the world' second largest chemical producer globally after [[Dow Chemical]] with Iran housing some of the world's largest chemical complexes.<ref name=NIPC />
[[File:Jpg250210929-1120373.png|thumb|Giant gas [[Chemical reactor|reactor]] of Yadavaran gas refinery designed and manufactured by [[AzarAb Industries|AzarAb Industries Corporation]]]]
[[National Iranian Oil Refining and Distribution Company|Major refineries]] located at [[Abadan, Iran|Abadan]] (site of its first refinery), Kermanshah and Tehran failed to meet domestic demand for gasoline in 2009. Iran's refining industry requires $15 billion in investment over the period 2007–2012 to become self-sufficient and end gasoline imports.<ref>[http://www.payvand.com/news/07/feb/1215.html Iran's oil refining industry needs dlrs 15b investment: Oil Minister] {{Webarchive|url=https://web.archive.org/web/20081015155554/http://www.payvand.com/news/07/feb/1215.html |date=October 15, 2008 }}. IRNA, February 17, 2007. Retrieved October 16, 2008.</ref> Iran has the fifth cheapest [[2007 Gasoline Rationing Plan in Iran#Prices in neighboring countries|gasoline prices in the world]] leading to [[2007 Gasoline Rationing Plan in Iran#Fuel smuggling|fuel smuggling with neighboring countries]].<ref>[http://www.turquoisepartners.com/iraninvestment/IIM-Jul14.pdf ''Iran Investment Monthly''] {{Webarchive|url=https://web.archive.org/web/20160303232555/http://www.turquoisepartners.com/iraninvestment/IIM-Jul14.pdf |date=March 3, 2016 }}. Turquoise Partners (July 2014). Retrieved August 16, 2014.</ref>

In November 2019, Iran raised the gasoline prices by 50% and imposed [[2007 Gasoline Rationing Plan in Iran|a strict rationing system]] again, as in 2007. The prices per liter gasoline rose to 15,000 rials, where only 60 liters were permitted to private cars for a month. Besides, oil purchase beyond the limit would cost 30,000 rials per liter. Those prices are still well below [[Iranian subsidy reform plan|target prices set in the subsidy reform plan]], however. The policy changes came in effect to the [[United States sanctions against Iran|US sanctions]], and caused protests across the country.<ref>{{cite web|url=https://truenewssource.com/2019/11/16/oil-price-hike-out-of-economic-crisis-result-in-protests-across-iran/|title=Oil Price Hike Out of Economic Crisis Result in Protests Across Iran|access-date=November 16, 2019|website=True News Source}}{{Dead link|date=June 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> The result of the rationing, a year later, was reduced pollution and wasteful domestic consumption and increase in exports.<ref>{{Cite web|url=https://www.tehrantimes.com/news/454663/Iran-s-gasoline-rationing-scheme-from-policy-to-practice|title=Iran's gasoline rationing scheme: From policy to practice |work=Tehran Times |date=November 15, 2020}}</ref>