Fuel Consumption Reduced

Fuel Consumption ReducedFuel Consumption Reduced

There was a 4.5 percent fall in fuel consumption in the first half of the Iranian calendar year (March-September), compared to the same period last year, deputy of anti-contraband and currency smuggling headquarters said, Mehr news agency reported.

Alireza Bayat said, "Fuel consumption rose by only 2.5 percent in the March-September period down from a 7 percent increase in the previous year.  This is despite a 1.3 million increase in the number of vehicles over the past 12 months."

There was also a 6.8 percent decrease in the supply of subsidized fuel to power plants during the March-September period compared to last year.

He also said that with all the units of phase 12 of South Pars field in the Persian Gulf coming on stream in the near future, fuel supply to power plants will become stable, quality and quantity of productions will increase.

South Pars phase 12 is due to completion in the second quarter of 2015.  It is the South Pars’ biggest phase in terms of volume of activities as well as investment and production level. The field is estimated to contain 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.

Once fully operational, Phase 12 will see some 75 million cubic meters of sweet gas pumped into the national gas network per year.