Iran to reduce oil consumption: official
Updated: 2012-10-23 18:23
(Xinhua)
|
|||||||||||
DUBAI - Iran has embarked on an endeavor to develop green energy in order to reduce its domestic fossil fuel consumption, Iran's oil minister said on Tuesday.
Rostam Qasemi, the oil minister of Iran, said his country plans to increase the production of alternative energy like solar, wind and bio-fuels in order to reduce the usage of its own oil and gas reserves for internal purposes.
"Iran is implementing new economic policies such as subsidies reform, optimizing and standardizing fuel consumption, and changing domestic consuming model," the minister said at the ongoing three-day World Energy Forum 2012 in Dubai.
With regard to economic sanctions imposed by the United States and the EU, Qasemi said "sanctions are not new to Iran, we have been dealing with them for more the 30 years," adding that oil demand from emerging markets is rising.
However, Qasemi admitted that the Iranian currency Riyal has fallen 80 percent in value due to the new round of sanctions.
Related Stories
Obama vows to stop Iran from getting nuke bombs 2012-10-23 14:55
Israel not informed about US-Iran talks 2012-10-22 16:10
Iran, P5+1 to 'possibly' resume nuclear talks 2012-10-21 21:12
US denies agreement on one-on-one talks with Iran 2012-10-21 10:22
US, Iran agree to one-on-one nuclear talks 2012-10-21 08:43
Western sanctions 'illegal': Iran FM spokesman 2012-10-16 20:02
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |