Tag Archives: Market

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.

Foreign investors have submitted investment proposals worth a total of $3.6 billion to develop renewable projects in Iran.

Iran is aiming to raise oil output to around 4 million bpd by the end of the year from around 3.8 million bpd in recent months.

Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.

Traders will try to keep discharge options open so that they are able to anticipate any potential delays in discharging the cargoes.

The Middle East accounted for just under half of China’s crude oil imports in 2016.

Petrochemical sales account for 34.7% of Iran’s non-oil exports and 39.1% of industrial exports in terms of value in the period.

Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.

The world’s largest oil exporter shipped almost 4 million tonnes of crude to China in July.