Iran to reduce petrol imports

Iran is to reduce its petrol imports in August after the country implemented rationing to curb massive consumption, a top oil official told the ISNA news agency.

Iran to reduce petrol imports

Iran is to reduce its petrol imports in August after the country implemented rationing to curb massive consumption, a top oil official told the ISNA news agency.

"Our petrol imports will be less than 30 million liters a day next month," said Hojatollah Ghanimi Fard, executive director for international affairs with the National Iranian Oil Company.

He said that Iran imported more than 35 million liters of petrol a day before introducing rationing June 27 in a bid to rein in petrol guzzling that costs the country billions of dollars annually in imports.

"If the drop that we have seen in petrol consumption continues, it is highly probable that we further reduce imports in September," he said.

Iran is the world's fourth largest oil producer but it must import around 40 percent of its petrol requirements due to a lack of refineries.

Since rationing went into effect, daily consumption has dropped by 20 million liters a day to about 55 million liters a day, Iranian oil minister Kazem Vaziri Hamaneh said on state television Wednesday.

Güncelleme Tarihi: 19 Temmuz 2007, 12:31
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