Iran increases fuel storage

Iran is to increase its fuel storage capacity by 15%, from 9.4 billion liters to 10.9 billion liters. The announcement comes as Iran announced plans to increase its domestic gasoline production in the next five years, in the face of a U.S. Senate quest to impose sanctions on imports to the country. Last month, the U.S. Senate approved a bill that would give Barack Obama’s administration the power to pressure Iran to forego its peaceful uranium enrichment activities. The sanctions would target Iran’s gasoline imports. Iran currently imports about 33% of the gasoline it consumes. (August 30, 2009)