US sanctions force Iran to ditch push to cleaner fuels

Bloomberg

Iran is about to burn a lot more fuel oil as a result of US sanctions and new global shipping rules, reversing the nation’s progress in switching to cleaner-burning natural gas.
Power plants and other industrial facilities will burn more than 200,000 barrels a day of highly polluting fuel oil next year, double the amount Iran used in 2018, according to a forecast by Iain Mowat of consultant Wood Mackenzie Ltd.
Iran produces a surplus of fuel oil, and the excess has swelled since US began restricting the Opec member’s exports last year. Sanctions also prevent Iran from importing the equipment it would need to refine the heavy oil product into less-polluting products like gasoline.
and, even if they find a way building refineries takes time.

Leave a Reply

Send this to a friend