Tag Archives | International Energy Agency (IEA)

Iran World’s Third Largest Natural Gas Producer

Iran has been named the worlds third largest natural gas producer in 2016, according to the International Energy Agency (IEA). The IEA in its report said Iran had produced 190 billion cubic meters (bcm) of gas last year which it said was 5.3 percent of world’s total. The agency in its report said the US […]

Oil Output to hit 4.15m bpd in 2022

By John Lee. According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iran will increase its oil production capacity by 400,000 barrels per day (bpd) to reach 4.15 million bpd by 2022. The Paris-based agency also forecasts that neighbouring Iraq will retain its position as OPEC’s second-biggest producer, adding 700,000 […]

Indonesia Says to Buy Stake in Iran Oil, Gas Block

A senior official at Indonesia’s energy ministry said on Monday that the country’s state energy company Pertamina plans to sign a deal to purchase a stake in an oil and gas block in Iran within a week. “The government to government agreement is done, so now (we are) following up with a company to company […]

Iran’s Oil Output Back to Pre-Sanctions Level

The International Energy Agency (IEA) has announced that Iran’s oil production has returned to pre-sanctions levels. According to the IEA charts, Iran’s oil output reached 3.56 million barrels a day in April, the highest since November 2011, Bloomberg reported. Data also show that Iran’s crude exports have increased to 2 million barrels a day, close […]

Iran Expected to Add 500,000 bpd in 1 Year

The head of the International Energy Agency (IEA) said Iran is likely to add half a million barrels of oil supply per day within a year following a lasting nuclear deal between Tehran and world powers. Iran is expected to add 500,000 barrels of oil per day within a year from its existing oilfields after […]