Iran seeks partners for fuel, energy management

TEHRAN, Jan. 20 (MNA) – IFCO managing director has announced the launch of new oil talks with Japan, South Korea and some European countries on implementation of fuel and energy consumption management projects.

Speaking at the 7th International Conference & Exhibition on Vehicle, Alternative Fuel and CNG in Tehran on Tuesday morning, Managing Director of the Iranian Fuel Conservation Company Nasrollah Seifi deemed fuel and energy optimization and consumption management projects as the most major investment attraction opportunity during the post sanction period; “high energy intensity in different areas of transportation, household, commercial, industrial and power plants remains as one momentous cause of air pollution in the country,” he asserted.

“The phenomenon of air pollution in urban areas marks a bitter achievement of the industrial revolution that began three hundred years ago while the industrial development and increase in the number of cities further compounded the problem,” stressed the official adding “heavy reliance on fossil energy sources like coal, oil and gas as well as excessive consumption of energy and finally the emissions from the combustion of these materials are the main roots of air pollution.”

Seifi also referred to the United Nations recent conference on climate change in Paris dubbed as COP21 asserting “a total of 195 countries pledged commitment to devote at least a budget of 100 billion dollars to reduce carbon energy intensity until the year 2050.”

“According to estimates made by the International Energy Agency, increasing energy efficiency plays the most major role in reducing carbon emission followed by other methods like development of renewable energy, carbon capture and storage and changing the type of fuel,” he underlined.

Seifi went on to add that “despite numerous challenges, over the past two years Iran has put on the agenda the amendment of the pattern of energy consumption as well as elimination of barriers competitive production."

“The use of natural gas in vehicles in the country has been well developed while other types of energy should not be neglected,” he highlighted.

IFCO managing director further maintained that “so far, about three billion dollars have been spent on development of the country’s fuel stations for the supply of 20 million cubic meters of Compressed natural gas (CNG) per day.”

Considering the implementation of JCPOA, the official estimated that Iran’s energy intensity will be reduced by 50 per cent by making new investments.

He further recalled the conducted negotiations between IFCO and European, Japanese and South Korean companies; “moreover, some talks have been held with foreign automakers including Volvo and Scania of Sweden as well as Germany’s Daimler,” Seifi concluded.

 

HA/3027854

 

News Code 113721

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