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.
EghtesadOnline: Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the end of the third Iranian quarter (Dec 21), the Central Bank of Iran reported.
EghtesadOnline: The Iranian Oil Pipeline and Telecommunication Company has supplied close to 100 billion liters of crude and petroleum products nationwide since March 2019, managing director of the company said.
EghtesadOnline: To help improve the quality of low-sulphur fuels and its compliance with the International Maritime Organization’s new rules (sulphur content no more than 0.5%) took effect on Jan 1, a refinery will start work in Bushehr Province in the near future, managing director of Kharazmi Technology Development Company said.
EghtesadOnline: Natural gas supply has increased by 75 million cubic meters a day since Nov 2019, dispatching director of the National Iranian Gas Company said.
EghtesadOnline: The sharp rise in household gas consumption due to the cold weather has resulted in cutting gas supply to other sectors, including cement factories and power plants. In the past week feedstock (natural gas) supply to some petrochemical plants was reduced or completely cut off.
EghtesadOnline: Natural gas delivery to thermal power plants has halved with the aim of sustaining and stabilizing natural gas supply to households in the winter season, director for technical support at the Thermal Power Plants Holding Company said.
EghtesadOnline: The plan to supply water from the Oman Sea in south Iran to three eastern provinces will begin in February, deputy director of Khorasan Razavi Regional Water Company said.
EghtesadOnline: The Energy Ministry can withdraw $280 million from the National Development Fund of Iran, the country's sovereign wealth fund, to finish incomplete water and power projects, the ministry's deputy for economic and planning department said.
EghtesadOnline: Petrochemical plants and oil refineries use $400 million worth of catalysts a year, the majority of which is produced locally, managing director of the National Petrochemical Company said.