Page added on June 1, 2006
Iran is flush with huge oil reserves and cash, but – ironically – a refinery shortage leaves it heavily dependent on imported gasoline and diesel to keeps its cars and trucks rolling.
That’s one reason the country – already beset with serious economic troubles – is desperate to avoid UN sanctions over its nuclear program.
Concern over fuel supplies has become so serious that energy planners are considering a highly unpopular two-tier pricing system.
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