Middle East Economic Survey


No 40



Nozari Estimates $7Bn Further Needed To Cover Irans Fuel Imports

Majlis Energy Commission spokesman Ali Adianirad told reporters on 1 October that Minister of Petroleum Gholamhossein Nozari had asked parliament for further funds to cover Irans rising fuel imports bill. According to Mr Adianirad, Mr Nozari said we will need $6.5-7bn for the import of fuel in the second half of the year. The minister said the extra budget was needed because...