Tag Archives: Financial Tribune

Oil- and gas-rich Iran has also pledged to slow climate change by promoting cleaner energies.

The average rate of recovery from Iranian oilfields is expected to reach 40% from around 25%.

Tavanir has managed to curb power consumption in peaks hours by 4.000 megawatts in the last two months by adopting measures.

The latest government data indicate total proven crude oil reserves are close to 160 billion barrels. of which 16 billion barrels are in the Persian Gulf.

In July 2015. Iran and the major powers signed the nuclear deal. officially known as the Joint Comprehensive Plan of Action.

The share of renewables in Iran’s energy mix is around 240 MW. or just around 0.3% of total installed power generation capacity of 76.000 MW.

Iran produces around 880 million cubic meters of gas a day. two-thirds of which come from South Pars.

The state-run airline has received seven of its ordered planes so far. including three Airbus and four ATR. The delivery of the rest hinges on provision of financing for the purchases.

Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.

The country aims to raise output to over 1 billion cubic meters by March 2018.