The National Iranian Petroleum Company has introduced 15 major energy optimization projects in the industrial, construction and transportation sectors to attract investment as part of its broader goal of reducing energy consumption. These projects present diverse opportunities for participation in both domestic and international private sectors.
On April 22, at the “Transforming Iran’s Upstream Oil and Gas Investment and Development” event, the National Iranian Petroleum Company (NIOC) will provide 200 investment opportunities for domestic and international investors.
Among them, 15 large-scale energy optimization projects, construction and transportation in the industry are highlighted as key steps to improve energy efficiency. These projects are expected to save on the equivalent of 70 million barrels of crude oil per year in national energy consumption.
Six major projects aim primarily to optimize the production processes of energy-intensive industries. They are projected to save 6,157,000 barrels of crude oil each year. The main objectives include modernizing production lines and upgrading energy systems.
The three large-scale projects focus on optimizing heating, cooling and lighting systems for government and residential buildings. The implementation is expected to save 11,593,000 barrels of crude oil per year.
Six important projects include modernizing the public transport fleet, expanding electric vehicles and increasing fuel efficiency for heavy vehicles. These initiatives are estimated to save 51,763 barrels of crude oil per year.
Managed by an Iranian fuel consumption optimization company, these projects are projected to save a total of 70 million barrels of crude oil equivalent per year (190,000 barrels per day). The key investments underscore the government’s commitment to transforming the country’s energy consumption model.
Authorities predict that successful implementation could position Iran as a regional model for energy management. Additional benefits include reducing production costs, environmental protection and sustainable job creation.
At the event, NIOC will present over 200 investment opportunities to large, medium and small investors under a variety of contractual frameworks.
MNA/shana.ir