TEHRAN – The capacity of Iran’s renewable power plants has increased by two percent in the first month of the current Iranian calendar year (March 21-April 20), from its previous month.
TEHRAN- Iran and Venezuela inked several memorandums of understanding (MOUs) on the expansion of cooperation in the fields of oil, gas, and petrochemicals.
Iraq’s crude oil production has been stuck between the 4.0-4.7 million barrels per day (bpd) level since 2016, with a mean average of about 4.5 million bpd during that period, but it could relatively straightforwardly produce 12 million bpd – way more than Saudi Arabia’s true crude oil production average of 8.2 million from 1973 to last Friday.
TEHRAN (Tasnim) – An adviser to the CEO of Iran’s New Towns Development Company for Legal, Real Estate and Investment Affairs on Saturday announced the signing of a joint memorandum of understanding (MoU) with Ghana in the field of construction of new industrial towns and cities.
Rumors about China not moving ahead on the development of the crucial West Karoun oilfields are incorrect.
Oil prices could return to the $100 per barrel mark in the second half of 2023 on the back of rising Chinese demand and expected limited additional supply, Afshin Javan, Iran’s OPEC representative, told Reuters on Wednesday.
TEHRAN – Iranian Offshore Engineering and Construction Company (IOEC) and Pars Oil and Gas Company (POGC) signed a deal worth $900 million on Saturday to cooperate in developing the country’s Kish gas field, Shana reported.
As winter approached, Iran was relishing the prospect of falling temperatures that could put Europe in a deep freeze and allow Tehran to bask in the wealth of its formidable natural-gas reserves.