EghtesadOnline: Converting gasoline-powered vehicles, especially vans, to compressed natural gas hybrids can help reduce fuel costs for motorists by 100%, deputy managing director of the state-run National Iranian Oil Products Distribution Company said.
EghtesadOnline: Renewable energy sources in Iran generated over 4.3 billion kilowatt hours of electricity since 2009.
EghtesadOnline: The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates, including Bushehr, Khuzestan and Kohgilouyeh-Boyerahmad, the managing director said.
EghtesadOnline: Wastage of power in the national grid dropped from 15.2% to 11.1% between 2013 and 2018 and by extension cut natural gas consumption in power plants.
EghtesadOnline: The government has discontinued monthly payments of cash subsidies to a further 400,000 individuals who were found to be economically well-off.
EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will initiate the identification of households belonging to the top three high-income deciles as of Sept. 23 to eliminate them from the list of cash subsidy receivers.
EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.
EghtesadOnline: Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely risen by 1% in the past two months compared to the average of the last ten years, the Energy Ministry spokesman for the power department said Saturday.
EghtesadOnline: Iran said on Sunday it will further scale back its commitments under the 2015 nuclear deal with world powers, raising its uranium enrichment level beyond the cap set in the agreement.