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energy

Iran’s president orders removal of barriers for private investors in power sector

Iran’s President Masoud Pezeshkian instructed officials on Saturday to swiftly eliminate obstacles hindering private sector investment in the electricity industry, aiming to address power shortages ahead of the peak demand season.

Mine and Industry

Iran increases gasoline output to cut reliance on imports

In line with efforts to reduce its reliance on gasoline imports, Iran has increased its daily gasoline output by 8.5 million liters over the past two and a half months, according to a senior Oil Ministry official.

Energy

Iran reports 7.4% rise in gasoline consumption

Maramat Veis Karami, the CEO of the National Iranian Oil Products Distribution Company has announced a 7.4% increase in Iran’s average gasoline consumption.

Energy

90% of Iran’s power generation demand met via natural gas: Expert

Iran relies on natural gas for a bulk of its electricity generation demand, according to figures provided by a senior energy expert who believes low-efficiency rates in Iranian power plants are causing a considerable amount of waste in the sector.

Energy

Iran to construct 14 power plants to prevent electricity cuts: MP

Iran will add a sum of 14 power plants to its electricity grid to prevent power cuts during the hot months of the next year, said a member of the parliamentary Energy Committee.

Energy

Iran’s gasoline consumption hits new high amid summer vacations

Iran has registered new highs in gasoline and gasoil consumption as inter-city trips have increased since the beginning of the last month of summer vacations on August 22.

Energy

Iran, Turkmenistan strengthen energy, transportation ties with new agreements

Iran and Turkmenistan have signed four memoranda of understanding (MoUs) to enhance cooperation in energy and transportation, capitalizing on their strategic regional positions.

Macro Economy

Iran’s gasoline consumption sets new record high

Gasoline consumption in Iran set a new record high last Tuesday a day before the two-week Persian New Year holidays.

Energy

Households, businesses responsible for 76% of Iran’s gas use

The head of dispatching operations at the National Iranian Gas Company (NIGC) says that households and businesses have accounted for some 76% of the country’s total natural gas consumption.

Energy

Persian Gulf Star refinery supplies 40% of Iran’s gasoline needs

Managing-Director of the Persian Gulf Star refinery in southern Iran has said that the refinery is responsible for 40% of the country’s gasoline needs and also has a significant share in producing other products such as liquefied gas and kerosene.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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