SHANA An Iranian oil official says the country has the capacity to produce 3.7 million barrels per day of crude oil. Hoshang Falahatian, Deputy Petroleum Minister for Planning told a press conference on Wednesday that Iran's crude oil production capacity currently stands at 3.7 mbd, of which around 1.7 mbd is consumed domestically. He also said ...

MNA Irans deputy energy minister said the Japanese government had created a line of credit (LOC) worth 10 billion dollars for investment in and joint venture with Iran. Houshang Falahatian, Deputy Iranian Energy Minister, pointed to an ongoing seminar on Tehran-Tokyo cooperation on the sidelines of the 17th International Electricity Exhibition ...

TEHRAN, Nov. 18 (MNA) The new round of Iran-Turkmenistan talks to complete the 400kv electricity transmission line from Mary to Sarakhs was held in Tehran. Iran and Turkmenistan conducted a new round of negotiations in Tehran on Tuesday to design and build a new transmission line between the two countries. Accordingly, Hoshang Falahatian, ...

Iran has fully designed, engineered and constructed a water turbine for the first time, etching a niche in the renewable energy industry. The country relies on importsfor vital parts of hydropower plants which make up10,000 megawatts or 14% of Irans overall energy mix. Iranian engineers have now successfully tested the first homemade water turbine ...

Boosting electricity generation capacity via renewable sources is among macro policies of electricity industry, Deputy Energy Minister Houshang Falahatian said. Elaborating on new plans to expand and construct small solar power plants in houses as well as commercial and residential complexes, universities and research centers, the official reiterated ...

Russian officials are in Tehran for final talks on a multibillion-dollar agreement which includes sales of Iranian oil to that country in exchange for electricity, a deputy energy minister has said. Negotiations are underway at the expert level for construction of new power plants and optimization of existing units under a memorandum of understanding ...

TEHRAN (FNA)- Iran's 14th International Electricity Exhibition will kick off in Tehran next week with the participation of a large number of Iranian and foreign companies, a senior energy official announced. "Tehran will host the international electricity exhibition on November 8-12 and 441 companies will take part in the event," Deputy Energy Minister ...

Tehran, Nov 1, IRNA 441 foreign and domestic companies are taking part in the International Exhibition of Electric Power, an official said here on Saturday. According to Deputy Energy Minister Houshang Falahatian, the exhibition will be held on November 8 in Tehran for four days. He said 98 foreign companies will be present in the event. The ...

Tehran, May 11, IRNA - The Deputy Minister of Energy said that the ministry will continue the privatization drive in the energy sector. ?The power plants which are due to be transferred to the private sector will be changed into companies first and all the loans they have received for their completion will be transferred to the newly established company ...