Iran May Cut Gasoline Imports by 75%, IEA Says

Iran, facing international sanctions over its nuclear energy plans, is likely to reduce gasoline imports by 75 percent by 2015 as it expands refining capacity and tackles subsidies, the International Energy Agency said.

Iran’s gasoline imports will shrink to 100,000 barrels a day in five years from 400,000 in 2009, the IEA said today in its latest monthly report.

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