EghtesadOnline: The National Iranian Oil Company supplies almost 55% of low-sulphur fuel to Iran's shipping fleet that complies with the International Maritime Organization’s new regulations demanding a 0.5% global sulphur cap for marine fuels, deputy for fleet development department in the Islamic Republic of Iran Shipping Lines said.
EghtesadOnline: Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company said.
EghtesadOnline: Demand for gasoline fell by 24% between May and August compared to the corresponding period last year, head of the Gasoline Station Owners' Association (GSOA) said.
EghtesadOnline: Oil prices edged higher on Friday but were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.
EghtesadOnline: The number of out-of-service fuel nozzles which cannot be repaired is increasing, head of Gasoline Station Owners' Association (GSOA) said.
EghtesadOnline: Three fuel depots in the vicinity of Tehran are safe and there is no need for relocation, head of the National Iranian Oil Products Distribution Company (NIOPDC) said.
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.