INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran petrol network partially restored after cyberattack

A gas station attendant fills a motorcycle in Tehran. AFP.
  • Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.
  • President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks. 

Iran’s subsidized petrol distribution system was partially restored Friday, three days after an unprecedented cyberattack by unknown perpetrators, authorities said.

Among 4,300 fuel stations across the country, “at present, 1,450 are connected to the central fuel distribution system,” said Fatemeh Kahi, a spokeswoman for the National Oil Products Distribution Company.

A further 2,350 stations were delivering unsubsidized fuel to motorists, she told state news agency IRNA.

Motorists in Iran who want to take advantage of substantial fuel subsidies must use digital cards issued by the authorities.

The cards provide monthly allowances for fuel at the subsidized rate, after which they must pay the open rate.

Tuesday’s mysterious cyberattack wrought havoc with that accounting and distribution system.

Iran last year was the fifth-biggest producer in the OPEC cartel.

Authorities said Tuesday the results of an investigation into the alleged attack would be ready within 10 days, and that it may have originated from outside Iran.

President Ebrahim Raisi on Wednesday said that his country must be “seriously prepared” against cyberattacks.