tag Cut

Bank Working Hours Cut Due to Power Shortages

EghtesadOnline: Banks and most government offices are cutting working hours following widespread power shortages that has gripped the country as temperatures rise.
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Publish Date:10/July/2021 | 14:44

Utility Struggles to Cut Non-Revenue Water

EghtesadOnline: It is estimated that 600 million cubic meters of water is wasted in the country every year. From this colossal malfunction the loss of 153 mcm (non-revenue water) cannot be avoided, head of the customer department at the National Water and Wastewater Engineering Company (Abfa) said.
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Publish Date:08/February/2020 | 11:50

Iran: CNG Use in Vehicles Helps Cut Fuel Costs

EghtesadOnline: Converting gasoline-powered vehicles, especially vans, to compressed natural gas hybrids can help reduce fuel costs for motorists by 100%, deputy managing director of the state-run National Iranian Oil Products Distribution Company said.
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Publish Date:01/December/2019 | 11:30

11 US Senators Want Saudis to Cut Crude Oil Production

EghtesadOnline: Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
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Publish Date:13/April/2020 | 18:25

Mexico Says Reached Deal With Trump to Cut Crude Output

EghtesadOnline: The president of Mexico -- the lone holdout in an OPEC deal to cut crude production and shore up prices -- said Friday that he has reached a deal with the US president to reduce oil output.
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Publish Date:12/April/2020 | 18:00

OPEC, Allies Agree to Historic 10 Million bpd Output Cut

EghtesadOnline: A historic production cut agreement between OPEC and its allies, known as OPEC+, hit a roadblock after Mexico refused to agree to its share of the cuts after a marathon meeting between the oil-producing nations that lasted more than nine hours.
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Publish Date:11/April/2020 | 15:51

COVID-19 Cut s Gasoline Consumption

EghtesadOnline: Gasoline sale in Iran during the Nowrouz (Persian New Year) holiday season fell significantly compared to the closing days of the last fiscal year (ended March 19), according to the National Iranian Oil Product Distribution Company.
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Publish Date:04/April/2020 | 21:30

Power Outages Possible if Gas Use Not Cut

EghtesadOnline: Close to 51.5 million cubic meters of natural gas was consumed per day in thermal power plants between March and December 2019, the Energy Ministry spokesman for power department said.
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Publish Date:10/February/2020 | 24:24

Harnessing APG Helps Kish Power Plants Cut Diesel Use

EghtesadOnline: With the aim of developing power generation, approximately 2.3 billion cubic meters of associate petroleum gas has been harnessed from Sirri Island oilfields in the Persian Gulf for power plants in the southern regions.
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Publish Date:25/January/2020 | 24:34

Gas Delivery to Power Plants Cut by Half

EghtesadOnline: Natural gas delivery to thermal power plants has halved with the aim of sustaining and stabilizing natural gas supply to households in the winter season, director for technical support at the Thermal Power Plants Holding Company said.
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Publish Date:14/January/2020 | 24:11

Iran's NISOC Signs Contracts to Cut Flaring

EghtesadOnline: The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates, including Bushehr, Khuzestan and Kohgilouyeh-Boyerahmad, the managing director said.
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Publish Date:02/November/2019 | 11:24

Obligation to Cut Wastage of Electricity in Iran

EghtesadOnline: Wastage of power in the national grid dropped from 15.2% to 11.1% between 2013 and 2018 and by extension cut natural gas consumption in power plants.
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Publish Date:22/October/2019 | 13:33

More Cut s From Iran's Cash Subsidy List

EghtesadOnline: The government has discontinued monthly payments of cash subsidies to a further 400,000 individuals who were found to be economically well-off.
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Publish Date:21/October/2019 | 13:51

Half of Saudi Oil Output Cut

EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
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Publish Date:16/September/2019 | 11:45

Iran Gov’t Says More Cut s Likely in Cash Subsidy List

EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will initiate the identification of households belonging to the top three high-income deciles as of Sept. 23 to eliminate them from the list of cash subsidy receivers.
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Publish Date:07/September/2019 | 11:55

OPEC Posts First Oil Output Rise in 2019 Despite Saudi Cut s

EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.
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Publish Date:01/September/2019 | 09:26

Tariff Discounts Help Cut Power Consumption

EghtesadOnline: Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely risen by 1% in the past two months compared to the average of the last ten years, the Energy Ministry spokesman for the power department said Saturday.
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Publish Date:11/August/2019 | 10:50

More Nuclear Commitments Cut

EghtesadOnline: Iran said on Sunday it will further scale back its commitments under the 2015 nuclear deal with world powers, raising its uranium enrichment level beyond the cap set in the agreement.
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Publish Date:08/July/2019 | 09:00

Iran Cut s Crude Production at Joint Oilfields to Help Protect Environment

EghtesadOnline: Oil production at joint oil fields in West Karoun region bordering Iraq has been reduced by 6% as a precautionary measure to prevent environmental damage in the area, the managing director of the Petroleum Engineering and Development Company said.
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Publish Date:22/April/2019 | 13:47