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Wednesday, October 17, 2007      New: Take a Stand

Democrats will be known for Iraq surrender; Time now for homeland defense

IRAN MAINTAINS FUEL IMPORT REDUCTION NICOSIA — Iran plans to maintain its sharp reduction in gasoline imports.

The Iranian Oil Ministry intends to import up to 15 million liters of gasoline per day, less than 50 percent of that ordered during the first half of 2007. In June 2007, the ministry implemented fuel rationing in a move that has saved $1 billion worth of imports.

"The oil ministry has issued temporary permission to import 14 million to 15 million liters of gasoline per day," Iranian Deputy Oil Minister Mohammad Reza Nematzadeh said on Oct. 14.

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Officials said the ministry has already spent its $2.5 billion fuel import budget for 2007. They said parliament has rejected supplemental funding, forcing the state-owned National Iranian Oil Co. to pay for fuel imports until another budget was drafted and approved.

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