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                    Selected News:   

Gas Supply to Power Plants Saves Iran $5b


TEHRAN Oct 21 (Shana)--A deputy petroleum minister has said that gas supply to power plants saved Iran five billion dollars during the first half of the calendar year which started on March 21.

Hamid-Reza Araqi said the power plants received 33 bcm of gas during the six-month period, up 7.7 bcm from a year ago.

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Freeing Oil Revenue Budget Essential 


TEHRAN Oct 21 (Shana)--Oil revenue should be dropped from total budget as a way for coping with the fluctuations in world oil markets and reducing its impact on Iran’s economy, secretary of energy commission at Iran Chamber of Commerce Hamed Farnam said.

Speaking to Shana, he noted that the government is expected to reduce the share of oil revenue in the total revenues of the budget and raise its tax revenues while reducing current expenditure.

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Iran to Boost CNG Share to 30%


TEHRAN Oct 22 (Shana)--Iran plans to increase the share of compressed natural gas (CNG) in its fuel mix to 30 percent, a senior official at National Iranian Oil Refining and Distribution Company said.

Shahaboddin Metaji said 20 mcm of CNG, equivalent to 20 million liters of gasoline, is currently being consumed in the country.

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