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Iran, Low on Gasoline, to Be Supplied by Venezuela

New York Times Original article ›

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Many prior pieces focussed on extravagant gasoline consumption in Iran because of subsidized prices. A recent piece showed how Iranians protested against the rationing of gasoline. Iran needs more refineries as its refinery capacity is limited- no mention on how Iran is tackling refinery constraints. The subsidy is huge as it 34 cents vs $2 on world markets, it also costs Iran $5 billion which it can use to build more refineries. This piece shows Venezuela's willingness to supply Iran in the event Iran cannot depend on supply from India, Netherlands, France, UAE and other suppliers.

Ahmadinejad and Iranian government policy on oil and generous fuel subsidies

06/27/2005

Ahmadinejad was elected Iran's President in recent elections. He has changed Iranian oil policy to adjust to Iran's foreign policy stance on many issues and on the nuclear issue.

Grouped Articles

Almost-Free Gas Comes at a High Cost

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Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease

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Iranian Parliament Cancels Cash Subsidies to 24 Million People

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Iran and U.S. May Move Toward Dialogue on Iraq

Wall Street Journal 03/17/2006

Oil Minister Asserts Iran Won't Cut Exports Despite Nuclear Standoff

Wall Street Journal 04/26/2006

Iran Election Win By Hard-Liner Snarls Ties to West

Wall Street Journal 06/27/2005


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