Tag Archives: Iranian News Agency

There was no immediate comment from Repsol on whether the MoU'.s focus would be predominantly on oil. or both on oil and gas.

Iran is producing around 4 million barrels a day of crude oil.

Iran’s oil refining capacity reportedly stands at around 1.8 million barrels per day.

Iran’s suggestion on making a free-nuclear-weapon zone in the Middle East is one of the brazen efforts of Iran in eliminating the threat posed by these weapons in the region.

Iran’s annual petrochemical production capacity stands at 62 million tons and by the end of this year.

Iran has signed agreements with Turkish investors to develop 5.000 MW of new power capacity.

European firms as well as Asian enterprises have already expressed their willingness to play an active role in developing Iran'.s lucrative petrochemical market.

Iran holds the world’s second-largest natural gas reserves after Russia. according to US Energy Information Administration data.

Iran has the world'.s second-largest natural gas reserves and the fourth-largest oil reserves. according to the US Energy Information Administration.

Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?