Iran unveils $12B of energy saving plans

Business Materials 30 September 2014 15:46 (UTC +04:00)

Baku, Azerbaijan, Sept.30

By Fatih Karimov - Trend:

Iran's oil minister Bijan Namdar Zanganeh has proposed $12 billion worth of projects to the National Economy Council to reduce fuel consumption.

Zanganeh has proposed eight plans to be approved by the National Economy Council, aiming to reduce the consumption of gasoline, diesel fuel, and natural gas, Iran's Mehr news agency reported on September 30.

The national budget bill has allowed the Oil Ministry to implement $100 billion of projects to reduce the consumption of fuel.

The projects include supplying gas to villages, renovating the public transportation fleet, and electrification of diesel engines.