EghtesadOnline: Following plans to sustain and stabilize natural gas supply to households in the winter season, the National Iranian Gas Company has cut gas delivery to cement factories across the country.
EghtesadOnline: Manufacturers of oil and gas equipment and machinery have the potential to generate $5 billion in export revenue a year, head of the Iranian Oil Equipment Manufacturers' Association said.
EghtesadOnline: The National Iranian Gas Company and Iran Power Generation, Distribution and Transmission Company (Tavanir) have been instructed in the next fiscal budget (March 2020-21) bill to install smart meters for subscribers with heavy consumers topping the priority list.
EghtesadOnline: Despite the drawbacks and mounting grievances about the sudden gasoline rationing plan, the new policy would help the National Iranian Oil Company not to import gasoline in the foreseeable future, a former head of the Iranian Fuel Conservation Company said.
EghtesadOnline: The prices of 52% of 100 high-demand consumer goods have registered an increase of 1-4% in the past nine days, Industries Minister Reza Rahmani said on Tuesday.
EghtesadOnline: Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 70 million cubic meters per day before the calendar year is out, managing director of Pars Oil and Gas Company, a subsidiary of state-owned National Iranian Oil Company that oversees the development of gas fields, said.
EghtesadOnline: Senior economic analyst Saeed Laylaz says there is no scientific evidence that the rise in gasoline prices would definitely have an inflationary impact.
EghtesadOnline: Expanding gas export via pipelines is not on the agenda for now but export of liquefied natural gas should be a distinct priority, a former secretary general of the Gas Exporting Countries Forum said.
EghtesadOnline: Iran’s economy is expected to contract further by 8.7% in 2019-20 due to external shocks to oil and gas output.
EghtesadOnline: President Recep Tayyip Erdogan vowed Ankara would continue to purchase oil and natural gas from Iran despite US sanctions in comments published on Friday.