Showy MoUs Have Grounded Iran LNG Project

Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

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How much petroleum products are consumed in Iran daily?

How much petroleum products are consumed in Iran daily?

We consume 205 million liters of petroleum products daily in the country, which is an annual growth of 8%, and the figure of consumption in the transportation sector with 118 million liters of gasoline and 65 million liters of diesel daily, while we have 31 million vehicles in circulation in the country, with no standard and The criterion does not match.