EghtesadOnline: Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery.
EghtesadOnline: Iran was the largest fossil fuel subsidizer for the third year in a row in 2019, according to the International Energy Agency.
EghtesadOnline: To curb air pollution and reliance on fossil fuels, Iran’s Oil Minister Bijan Namdar Zanganeh has set forth a plan to convert carbureted motorcycles into using compressed natural gas (CNG).
EghtesadOnline: Boosting output of petroleum products is a declared policy of the government and has generated $9 billion from exporting liquid fuels, managing director of National Iranian Gas Company said.
EghtesadOnline: The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
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: Head of the Judiciary Ebrahim Raeisi said on Monday that public opinion and the elite should have been provided with explanation about necessary plan for fuel consumption management and that the people are separate from the rioters.
EghtesadOnline: The Majlis Research Center has announced that implementing the fuel rationing system saved the country as much as $100 billion between 2007 and 2015.
EghtesadOnline: Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic affairs said.