(Bloomberg) -- Iran, which imports more than 40
percent of the gasoline it uses, will run out of funds to import
the commodity in early August, forcing the country to either
increase its budget for imports or start rationing.
More than $1.5 billion of the $2.5 billion budgeted for
gasoline imports this year has already been spent, Hojatollah
Ghanimifard, National Iranian Oil Co.'s executive director for
international affairs, said today to Shana, the Iranian oil-
ministry's press agency. The rest will be spent over the next 1 1/2
months, he predicted.
Read more at Bloomberg Energy News
percent of the gasoline it uses, will run out of funds to import
the commodity in early August, forcing the country to either
increase its budget for imports or start rationing.
More than $1.5 billion of the $2.5 billion budgeted for
gasoline imports this year has already been spent, Hojatollah
Ghanimifard, National Iranian Oil Co.'s executive director for
international affairs, said today to Shana, the Iranian oil-
ministry's press agency. The rest will be spent over the next 1 1/2
months, he predicted.
Read more at Bloomberg Energy News
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