Tag Archives: Financial Tribune

Total signed a preliminary agreement. worth $4.8 billion late last year. to develop the natural gas field in collaboration with China National Petroleum Corp and state-owned Petropars Co. of Iran.

Iran is the largest electricity producer in the Middle East with an installed power generating capacity of around 76.000 MW.

Iran imports an average of 10 million liters of gasoline every day to meet domestic demand.

A fire that ravaged part of the Isfahan Oil Refinery on Monday was doused within an hour without major casualties.

Gas exports to Iraq have begun at a rate of 7 million cubic meters per day and will eventually increase to 18 mcm d in two years.

Hydro power constitutes almost 15%. or about 12.000 MW of Iran’s total installed power generation capacity of 76.000 MW.

The South Pars oil layer is located 130 kilometers off Iran'.s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place.

The second and third Bushehr reactors. which are estimated to cost upwards of $10 billion. are scheduled for launch in 2024 and 2026 respectively.

The plant is estimated to meet around 6-7% of Turkey'.s electricity demand.

Data show that barely 240 megawatts. or just around 0.3% of Iran'.s total electricity supplies come from renewable sources.