Mohammad-Sadeq Azimifar, CEO of National Iran’s Oil Refining and Distribution Company (NIORDC), highlighted the necessity for reforms in power sector governance.
As deputy oil minister, he stated essentially the most notable achievements of the oil trade because the Islamic Revolution embody the event of fuel fields, advances within the petrochemical sector and the institution of refineries on the Persian Gulf Star .
These outcomes have resulted in elevated fuel manufacturing capability, a surge in gasoline manufacturing, a lower in dependence on imported petroleum merchandise, full worth chains, development in petrochemical exports, and total financial development.
He added that oil and fuel infrastructure growth, funding in new applied sciences and localization of petroleum industrial tools are different essential achievements throughout this era.
Azimifar emphasised that some of the uncared for areas within the oil trade over the previous 46 years is the dearth of consideration to reforming power sector governance.
While oil and fuel fields growth, enhancing refining capability and rising the petrochemical trade are prioritized, policymaking and administration of power assets face elementary weaknesses and have destructive impacts on the nation’s power financial system. .
He stated that inefficient subsidies programs have led to a fast enhance in home consumption, significantly fuel and gasoline, leading to a big power waste and lack of effectivity and optimized consumption motivation. I’ve stated that.
This not solely put stress on home producers, but additionally lowered export revenues and elevated authorities funds burdens.
In conclusion, Azimifar has been profitable in selling infrastructure growth and manufacturing, whereas weaknesses in power governance, lack of structural reform and insufficient consumption management stay poorly addressed. acknowledged that it stays an essential challenge that requires elementary revision.
Ma/Shana.ir