Tag Archives: Iranian News Agency

IDRO received an Oil Ministry permit to conduct studies on the field in May.

Electricity exports have decreased from 1.300 MW to 900 MW during peak hours to cope with growing domestic demand in the scorching days of summer

In March 2016. Vietnamese President Truong Tan Sang visited Iran with a big delegation.

The 4.8 billion-dollar deal is the first major gas and oil agreement since anti-Iran sanction relief.

Iran’s expectation at the current stage was to see the compliance of all sides of the agreement to the deal. something which has been violated by the US.

Total has a 50.1-percent share in the deal. The state-owned China National Petroleum Corp. has 30-percent stake and Iran’s Petropars has 19.9 percent.

Last year Pakistan and Qatar had signed multi-billion dollar liquefied natural gas (LNG) deal.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.

Iran'.s Energy Ministry says electricity demand is forecast to reach 56.000 MW this summer.