Tag Archives: Investment

Iran and Iraq should invest in joint projects to further increase and strengthen economic ties.

Oil ministers from OPEC and non-OPEC partners during their last meeting in Vienna agreed to cut an extra 503.000 b d from their total production in a bid to help stabilize the oil market.

Iran is currently under sanctions and consequently its oil production has faced with restrictions. But Minister Zangeneh said Iran’s known oil and gas reserves should not be ignored in the mid and long-term.

Under this initiative. both the firms plan to increase energy supplies in the state and south-eastern Australia.

The 50MW Guzman plant is scheduled to start operating in the first quarter of 2020.

The company said it will no longer invest in new coal-fired power plants and will progressively phase out all remaining coal assets by 2050.

The latest investment increase its shareholding in Grønn Kontakt to nearly 96%.

The project on the Lac des Toules is predicted to produce more than 800.000 kWh of electricity per year and supply up to 220 homes in the region.

The tariff waivers will apply to four chemical products.

Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.