Tag Archives: IRNA News Agency

Total will operate the SP11 project with a 50.1 percent interest. while Iranian Petropars Company and the Chinese CNPC will have a share of 19.9 and 30 percent. respectively.

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

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.

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.

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

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

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.