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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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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…
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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…
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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…
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COVID-19 Cuts 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…
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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…
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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,…
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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…
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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…
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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…
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Green Energy Helping Cut Gas Consumption, Greenhouse Gases
EghtesadOnline: Renewable energy sources in Iran generated over 4.3 billion kilowatt hours of electricity since 2009.
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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…
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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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More Cuts 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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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…
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Iran Gov’t Says More Cuts 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…
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OPEC Posts First Oil Output Rise in 2019 Despite Saudi Cuts
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…
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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…
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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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Iran Cuts 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…
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Novak: Russia Complying With Deal to Cut Oil Output
EghtesadOnline: Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
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Saudi Oil Minister Al-Falih Sees Output Freeze as ‘Positive’
EghtesadOnline: Saudi Arabia’s energy minister said an oil-output freeze would be "positive" if it happens, while ruling out a cut in production.