$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis

$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis

During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.

Gas consumption increases at the end of the week

Gas consumption increases at the end of the week

The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."

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Oil Minister: We took over the power plant reserves with a 45% reduction

Oil Minister: We took over the power plant reserves with a 45% reduction

Pointing out that when the 14th government started, the level of power plant reserves decreased by about 45% compared to the same period last year, the oil minister said: "Now we are trying to compensate for the decrease in reserves at this point in time by increasing production as well as imports."
preparation to pass the hard winter; Increasing the production and distribution of alternative fuels
CEO of the National Oil Products Distribution Company in an interview with Energy Press:

preparation to pass the hard winter; Increasing the production and distribution of alternative fuels

A significant decrease in fuel reserves of power plants at the beginning of autumn sounded the alarm of fuel shortage in the cold season. However, the CEO of the National Oil Products Distribution Company announced the implementation of comprehensive plans to increase the production and distribution of alternative fuels and assured that with the cooperation of other agencies, the problem of supplying fuel to power plants will be solved in winter.