Iran General NewsIran asks for $7B for fuel imports

Iran asks for $7B for fuel imports

-

ImageUPI: Iran is looking to bolster ties with regional energy-producing nations while seeking a $7 billion supplemental to cover gas imports, officials said.

United Press International

ImageTEHRAN, Oct. 2 (UPI) — Iran is looking to bolster ties with regional energy-producing nations while seeking a $7 billion supplemental to cover gas imports, officials said.

Iranian Ambassador to Kazakhstan Romin Mehmanparast told a delegation at an Iranian energy exhibition it is seeking stronger ties with Kazakhstan and energy-producing states in the Caspian region.

Meanwhile, Iranian Oil Minister Gholamhossein Nozari said the country needed $7 billion to import fuel through the end of the Iranian year on March 20, the state-run Fars News Agency said Thursday.

The Iranian Parliament in February granted a request from the Oil Ministry to import $3.2 billion worth of fuel for the fiscal year, which began March 21, 2008.

"Nozari said we will need $6.5 billion to $7 billion for the import of fuel in the second half of the year," said Oil Ministry spokesman Ali Adianirad.

Though it is the fourth-largest oil producer in the world, Iran relies heavily on gas imports, as its refining capacity cannot meet domestic demands.

Iran has imposed a rationing system to curb fuel consumption. Deputy Oil Minister Mohammad Reza Nematzadeh said the average fuel consumption for August was about 18.5 million gallons per day.

The United States, by contrast, consumes roughly 390 million gallons per day, according to the U.S. Department of Energy.

Latest news

Iran Regime’s Response to Protests Censorship and Violence

The Iranian regime’s leadership has reacted to the ongoing wave of protests over the death of Mahsa Amini, the...

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Must read

Iran’s nuclear ambition

Daily Telegraph - Leader Article: There has always been...

Japan to extend cuts in Iran oil imports in 2013, JX chief cays

Bloomberg: Japan will import fewer than 160,000 barrels a...

You might also likeRELATED
Recommended to you