Iran Paid $45b in Energy Subsidies in 2017

Iran Paid $45b in Energy Subsidies in 2017Iran Paid $45b in Energy Subsidies in 2017

International Energy Agency data show Iran paid $45 billion in energy subsidies in 2017, a member of the Tehran Chamber of Commerce said.
"The data indicate a 55% growth in energy subsidies compared to 2016," Reza Padidar was quoted as saying.
Giving a breakdown, he added that of the total amount, $16.5 billion was allocated to oil and its byproducts, namely gasoline and diesel, $12.3 billion went to the long-struggling electricity sector and the remaining to natural gas.


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