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Supply

  • EghtesadOnline: While most power plants in Iran use gas to generate electricity, Bandar Abbas Thermal Power Station is among the few still using mazut as the main feedstock and is a major source of air pollution in the capital of southern Hormozgan Province, director general of Hormozgan Provincial Directorate of Department of Environment said.

  • EghtesadOnline: Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.

  • EghtesadOnline: To help stabilize power supply in the desert Yazd Province, a small-scale power plant with distributed generation system came online in Taft County, the head of small scale power projects in the provincial electricity company said.

  • EghtesadOnline: Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well.

  • EghtesadOnline: To assist power supply during the hot summer, production of distributed generation (DG) power plants has increased 21% compared to last year.

  • EghtesadOnline: Iran and Iraq will invoke past agreements to expedite settlement of Iraqi arrears using a trading mechanism designed to supply basic goods to Iran.

  • EghtesadOnline: The Central Bank of Iran said in a report that broad money supply reached 24,721.5 trillion rials ($137 billion) when the fiscal year ended in the third week of March.

  • EghtesadOnline: Crude oil and byproducts supply chain has expanded by 512 kilometers in the last 12 months.

  • EghtesadOnline: A total of 1.22 million tons of dates were produced in the last Iranian year that ended on March 19, 2020, of which 200,000-220,000 tons have been stored for supply during the holy month of Ramadan (started April 25), secretary of the National Association of Iranian Dates said.

  • EghtesadOnline: In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly, managing director of Iran Water and Power Resources Development Company said.