20 Apr 2024
Tuesday 23 February 2021 - 17:49
Story Code : 388023

Iran launches 933 km of new energy pipelines

Iran has expanded its energy pipeline network by 933 kilometers as the country aims to reduce costs related to the transportation of petroleum and gas products.

Irans Oil Minister BIjan Namdar Zanganeh inaugurated three new pipelines on Monday to bring the total length of the countrys energy pipeline network to 13,000 kilometers.

The new pipelines would carry petroleum products between locations in central Iran and in the northwest of the country. They have cost 80 trillion rials plus 98 million euros (a total of $437.6 million) according to Zanganeh.

The minister saidenergy pipeline capacity in Iran hadreached 1.5 million barrels per day of crude and petroleum products.

He said the launch of new pipelines in Iran would lead to a major reduction in transportation costs for energy products while it would mean lower illegal activity in a country rife with fuel trafficking because of low prices.
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