Iran Moves To Cut Subsidies On Fossil Energy
October 21, 2009
Like most oil and gas producing countries Iran has been spoiling its citizens by ridiculously low prices for gasoline, fuel, gas and electricity, at a hefty charge for the national budget. The subsidies, including those for food, telephone and transport services, cost the government almost € 70 billion annually. Read also: Sanctions Are A Toothless… » read more
Posted by Eberhard Rhein
, Copenhagen Climate Conference, International Energy Agency, Iran, oil price subsidies |