Tag Archives: Iran

Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.

Iran plans to increase its nominal electricity generation capacity to 80.000 MW by summer 2018.

The country currently produces 513.500 tons of crude oil per day of which 230.000 tons are refined.

There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.

The Kish gas field is expected to yield 28 million cubic meters per day of gas. to be used domestically. and 11.300 bpd of gas condensate set for export.

South Pars gas field which is located in the Persian Gulf hosts the bulk of Iran’s natural gas reserves.

Government data show the share of renewables in Iran’s energy basket is 240 megawatts at present. which is less than 1% of total installed power generation capacity of 77.000 MW.

Exports amounted to 7.1 million tons in four months. up nearly 5% from 6.84 million tons in the same period of last year.

In July. NIOC signed an MoU with Japan’s engineering group Toyo to revamp facilities and upgrade recovery at the Salman gas field in the Persian Gulf.

'.The mission of IGU is to advocate gas as an integral part of a sustainable global energy system. and to promote the political. technical and economic progress of the gas industry.