Middle East Economic Survey

VOL. LIV

No 26

27-Jun-2011

IRAN

NIOPDC Announces Increase In Strategic Fuel Reserves

Jalil Salari, Managing Director of the National Iranian Oil Products Distribution Company (NIOPDC), announced on 20 June that Iran has increased its strategic fuel reserves by 1.5bn liters during the Iranian year ending on 20 March 2011. Iran currently has 13bn liters of various oil products in storage, Mr Salari said. He added that before the implementation of gasoline rationing...