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IEA warns Iran on rationing
- Iran: Monday, September 17 - 2007 at 08:23
The International Energy Agency (IEA) has said that petrol rationing in Iran will only lead to a 10% reduction in demand at best and not the 30% decrease that the Iranian government is hoping for, reported Gulf News. Iran has to import large amounts of petrol to meet local demand as it lacks the refining capacity to produce sufficient quantities itself. Petrol imports cost Iran around $5bn last year.
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Jonathan Sheikh-Miller, Deputy EditorMonday, September 17 - 2007 at 08:23 UAE local time (GMT+4)
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