Tag Archives: Production

Iran'.s petrochemical production capacity is around 65 million tons a year.

The finance for consolidation and boosting quality of Abadan oil Refinery was officially opened by the Chinese side.

Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems.

The pumping station is expected to start operations by March. the end of the current Iranian fiscal year.

French energy major Total S.A.. Anglo-Dutch major Royal Dutch Shell and Japan'.s Inpex are in the race for developing the Azadegan Oilfield.

Iran is now producing over 300.000 barrels of oil from the fields.

Signing oil contracts with major companies will pave the way for encouraging other firms to establish ties with Iran and make investments.

The oil price in the beginning of 2016 plunged to below $30. but currently it is around $55.

Saudi Arabia and the UAE. are trying to reduce their reliance on oil and generate more power from the sun.

Iran earned around $25 billion from selling crude oil in its previous fiscal.