Data show some 240 megawatts. or just around 0.3% of Iran'.s total electricity supplies come from renewable sources such as solar and wind.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. according to the estimations of SOCAR geologists.

Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.

Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.

In order to feed the terminal. Iran will need to construct a pipeline stretching more than 1.000 kilometers to carry one million barrels of oil a day.

The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.

The IEA said it was closely monitoring the storm and would be ready to respond to major oil supply disruptions through its emergency response system.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels and its recoverable resources estimated at about 5.2 billion barrels.

Daesh controls most of the oil-rich Dayr al-Zawr Province. but the terror outfit is under pressure from Syrian forces advancing from the west.

Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.