Tag Archives: Iran

Iran is heavily dependent on natural gas and oil to generate power and one of the most energy-intensive countries in the world .

Power plants are moving toward replacing polluting fuels with natural gas as a cleaner energy resource.

Instead of making payments to Iran. India used the money for other activities such as making investments of its own.

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

The pipeline will address gas shortages in the Semnan. Golestan. Mazandaran. North Khorasan. Khorasan Razavi. and South Khorasan provinces.

Over past years. Petroleum Ministry paid its main attention to develop oilfields in the Persian Gulf.

Last winter. Turkmenistan breached a deal with Iran by cutting gas supplies.

Tehran seeks to raise gas production capacity to 1 billion cubic meters per day by March 2018 on the back of bigger supplies from South Pars.

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