Tag Archives: Production

Close to 12.000 MW is produced from hydroelectric plants and 1.000 MW from the sole nuclear power plant in Bushehr in the south.

Russian oil producers achieved a major milestone in 2016.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.

The global 2016 output stood at over 1.6 billion tons. up 0.7% year on year.

Iran used to sell around 800.000 bpd to European buyers before the tightening of international sanctions in 2011 and 2012.

The country reluctantly agreed in November to an OPEC deal to cut production in a collective effort to try and boost oil prices.

Iran is eligible and capable to absorb some $370-380 billions within the next decade.

Iran currently produces 8 million tons of LPG per year.

Iran’s European customers purchase a total of 700.000 barrels of Iranian oil per day.