MoU inked to optimize energy consumption

SHANA (Tehran) – A memorandum of understanding aimed at reducing fuel intensity and increasing efficiency in power plants, backed by investment from the petrochemical industry, was signed between the National Petrochemical Company and the Thermal Power Plants Holding Company in the presence of the deputy oil minister.

Petchem industry invests to optimize power plant fuel consumption

SHANA (Tehran) – The CEO of the National Petrochemical Company said optimizing fuel consumption at power plants can improve petrochemical feedstock availability while boosting efficiency and reducing emissions. He added that petrochemical companies investing in such projects will benefit financially while delivering significant national economic gains.

Lawmakers allocate resources to Optimization Fund

SHANA (Tehran) – Iranian lawmakers agreed a bill in an open session on Sunday to dedicate one percent of oil and gas exports revenues (in rial) to the Optimization Fund.

Policy changes determine success in energy optimization

SHANA (Tehran) – The head of the Organization for Energy Policy and Strategic Management said the charter for the newly formed Organization for Energy Optimization and Strategic Management has been approved through cooperation among the Oil Ministry, the Energy Ministry and the Plan and Budget Organization. But he emphasized that the creation of a new agency is not a cause for celebration unless it leads to meaningful policy changes and a break from past mistakes.

Energy use in schools to be optimized

SHANA (Tehran) – The National Iranian Gas Company and the Organization for Development, Renovation and Equipping Schools signed an agreement to improve energy efficiency in schools.

Energy optimization equal to six phases of South Pars:

A new opportunity for energy operators

SHANA (Tehran) – Iran’s Seventh Development Plan aims to prevent the daily waste of energy equivalent to 1.285 million barrels of oil, or more than 150 million cubic meters of natural gas — a target that creates an attractive market and valuable opportunity for private sector energy operators and technology firms.