News ID: 113958
Published: 1101 GMT March 16, 2015

Oil Ministry reduces liquid fuel storage to 1.8b liters

Oil Ministry reduces liquid fuel storage to 1.8b liters

With the increase in gas supply to power plants, the country has lowered liquid fuels storage of these units by 1.8 billion liters since mid-March 2014.

This is while, the Energy Ministry had asked the Oil Ministry to decrease power plants' liquid fuels storage to three billion liters, Shana reported.

The Oil Ministry's move has helped improve the national economy, IRNA reported.

In case the Oil Ministry had failed to bring the consumption of liquid fuels down — given that the price of diesel is 35 cents per liter — it would have had to spend $630 million on gas oil imports in this time-span.

Since March 21, 2014, the Oil Ministry has supplied 140 mcm of natural gas to the power plants per day, showing a 40-mcm growth compared to the corresponding period last year which was 100 mcm daily.

In February, Naser Ebrahimi, an NIGC director, said National Iranian Gas Company has supplied more than 47 billion cubic meters of gas to power plants since mid-March 2014.

He said the aim of the move was to lower the consumption of liquid fuels in power plants.

Ebrahimi said this amount of gas delivery in almost a year was unprecedented, adding the company will do its best to meet the increasing trend.

He noted the measure has also led to a remarkable reduction in air pollution.

NIGC's director added that in this period, more than 30 billion cubic of gas was also made available to major domestic industries whereas this figure was about 27 billion cubic meters in the same duration a year ago.

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