Tag Archives: Financial Tribune

Petrochemical is Iran'.s most important industry after oil and gas.

South Pars is the world'.s largest gas reservoir in the Persian Gulf shared between Iran and Qatar.

An estimated 3.500 MW in new electricity production capacity will be added to the national power grid by the summer of next year.

The agreement is to provide part of the country'.s power needs and boost supply stability in the region through renewable energy resources.

The field holds an estimated 51 trillion cubic meters of gas and some 50 billion barrels of gas condensate.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

Over 800 tankers and vessels of all sizes berthed at the terminal in the last fiscal. up from 540 in the previous year. or around 33%.

Tehran has intensified efforts to involve foreign oil and gas majors in its key petroleum industry.

South Pars is the world’s largest gas field. shared between Iran and Qatar.

Iran hopes to add 5.000 MW of new capacity per year through 2022. the end of its Sixth Five-Year Economic Development Plan.