Rouhani Says Energy Sector Is Self-Reliant
President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
“In the past our gas exports had to be suspended in the winter months. Today exports continue despite the cold winters,” he said before presenting the March 2020-21 fiscal budget in the Majlis, the Oil Ministry news agency Shana reported.
Last year, Iran's gas production from the giant South Pars Gas Field in the Persian Gulf, shared with Qatar, was more than the Arab neighbor’s output for the first time in history, he recalled, adding that in 2013, the Arab sheikhdom’s production from the same field was twice Iran’s.
“We have made progress in the key sectors such as agriculture, water, energy, roads, communications and gas supply to rural areas,” he told the chamber.
With the launch of new phases in South Pars, domestic gas production has reached 850 million cubic meters a day of which 50 million cubic meters is exported.
Iraq, Turkey, Azerbaijan, Armenia and Nakhchivan Autonomous Republic import gas from Iran.
It was announced in February that the country has reached self-sufficiency in gasoline production. According to the latest Oil Ministry data, domestic gasoline production has reached 110 million liters a day.
Rouhani told the MPs that his government has plans to launch several water and power projects at $2.5 billion before the fiscal year is out next March.
source: Financial Tribune
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Russia takes aim at US nuclear power by throttling uranium
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project