Spain to cut oil imports by 10pc
Spain plans to introduce energy saving measures that will allow it to reduce its annual oil imports by 10 percent and save five billion euros (7.8 billion dollars) per year, Industry Minister Miguel Sebastian said Tuesday.
"Spain, like all of Europe, must provide a coordinated and firm response to the stratospheric rise in the price of oil," he told reporters.
Spain imports about 435 million barrels of oil per year and the plan aims to reduce annual consumption by 43 or 44 million barrels, he added without giving further details.
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