Monday 17 August 2009

Iran hordes oil for sanctions

Iran's oil minister on Sunday shrugged off the impact of any Western sanctions targeting the country's gasoline imports, saying all necessary measures had been taken to meet its needs for the fuel.

Iran is the world's fifth-largest crude exporter but its refineries lack the capacity to meet domestic fuel demand so it imports up to 40 percent of its gasoline supplies. The U.S. and its allies may target those imports if Tehran refuses to enter talks over its nuclear programme.

The West suspects Iran aims to make nuclear bombs, while Tehran insists it needs fuel for power plants.

No comments:

Post a Comment