Ministry of Oil leads in first-time production; $262 million contract and over $2 billion in foreign exchange savings

Ministry of Oil leads in first-time production; $262 million contract and over $2 billion in foreign exchange savings

The Deputy Minister of Petroleum for Engineering, Research and Technology, announcing that the Ministry of Petroleum is leading in first-time production, said: "So far, $262 million worth of contracts have been signed in the field of first-time production, and it is expected that the full implementation of these contracts will bring more than $2 billion in foreign exchange savings for the country."
Increased delivery of Euro 4 fuel to power plants; Ministry of Oil moves to reduce emissions

Increased delivery of Euro 4 fuel to power plants; Ministry of Oil moves to reduce emissions

The 14th government's Ministry of Oil has taken a major leap forward in reducing pollution and improving air quality in metropolitan areas through a series of coordinated measures, including an unprecedented increase in the production and delivery of Euro 4 oil and gas to power plants, the full supply of standard fuel in Tehran, the production of low-sulfur furnace oil, and the acceleration of the plan to develop dual-fuel vehicles.
$700 million in gasoline savings by expanding ridesharing

$700 million in gasoline savings by expanding ridesharing

Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.