Tag Archives: Financial Tribune

Several other foreign companies have been invited for South Pars oil venture but none have given a decisive answer.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.

Iran is currently producing about 880 million cubic meters a day of natural gas.

The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.

Iran'.s installed power production capacity is around 77.000 MW. but output from renewables comprises less than 1% of that amount.

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

1.500 MW will be added to the grid in the next three months.

South Azadegan field'.s development project is being undertaken with the help of Iranian firms and internal financial resources.

All areas in Sistan-Baluchestan Province are suitable for producing solar energy. with the northern areas particularly suitable for creating large wind farms.