Fuel Optimization Company Targets To Save 1.28 mmboe by the end of 2028

Fuel Optimization Company Targets To Save 1.28 mmboe by the end of 2028

The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming  to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028).

He said that a short- and medium-term emergency plan has been designed, which is fully operational for this regard. 

Hosseinzadeh noted that this plan will be achieved without using any government funds, relying solely on private sector participation, including petrochemical, steel, cement, and other industry investors.

The CEO added that the current plan  aims targets savings equivalent to two phases of the South Pars gas field, by the end of 2025. The program includes optimization in areas such as heating systems, rail transportation, metro wagons, greenhouses, and brick and cement factories.

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Fatma Ahmed 2175 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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