Page added on April 17, 2006
Car use, and air conditioning in buildings will be restricted in order to reduce oil consumption, if the United Nations embargos Iran’s oil exports as part of sanctions against its nuclear program in May, the Korean government said Monday.
The Ministry of Commerce, Industry and Energy announced a three-level energy saving measure amid concerns the escalating crisis over Iran’s nuclear program will push oil prices up futher. However, the ministry ruled out a rise in oil taxes in the near future.
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