Iran needs new power plant every 10 years to meet demands in electricity consumption

Oil&Gas Materials 8 March 2022 10:06 (UTC +04:00)

BAKU, Azerbaijan, March 8

By Elnur Baghishov – Trend:

The National Iranian Oil Refining and Distribution Company (NIORDC) has delivered 88 billion liters of oil products to the thermal power plants in the country as fuel, during the first 11 months of the current Iranian year (March 21, 2021 through February 19, 2022), Iranian Deputy Oil Minister and the CEO of the NIORDC Jalil Salari said, Trend reports citing Shana News Agency.

According to Salari, of this, 18.5 billion liters were accounted for liquid fuel and the rest - gas.

He made the remark at an event dedicated to the signing of an agreement on the laying of the Pars oil pipeline on March 6, 2022.

“Due to that electricity consumption increases by an average of about 8 percent a year, Iran should build a power plant every 10 years to meet electricity consumption,” he added.

The deputy minister also noted that about 65 billion liters of fuel annually were consumed in the country's transport and industrial sectors.

Salari said that Iran eyes to hold tenders in the coming days to implement plans for reducing mazut production at some Iranian refineries. The potential of local banks will be used as financial support for the implementation of these plans.

“In addition, preliminary research is also underway to build two new crude oil and gas condensate refineries in the country,” the CEO pointed out.

On March 6, 2022, the National Iranian Oil Refining and Distribution Company (NIORDC) and Tejarat Bank of Iran signed an agreement on the laying of a Pars pipeline to transport oil products from the Hajjiabad County of Hormozgan Province to the Shiraz County of Fars Province.

The pipeline, which will be 400 km long will allow transport 73,000 barrels (about 12 million liters) of oil products per day from Hajjiabad County to Shiraz County.


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