Iran to add 1mln barrels to its daily crude production by 2015 August 31, 2011 - 17:13 AMT PanARMENIAN.Net - Iran plans to add one million barrels to its daily crude production capacity by the next four years, an Iranian oil official announced. According to Fars News Agency, head of National Iranian Oil Company (NIOC) Ahmad Qalebani said Iran will increase its crude oil production by 1 million barrels per day by the year 2015. "By the end of fifth Five-Year Development Plan (2015), Iran's production will reach 5 million and 100 thousand barrels a day, which has an important role in its status in OPEC," Qalebani said. He said Iran is currently producing about 4 million barrels a day which will increase by 50 thousand barrels at the end of current Iranian year. Iran is the world's fourth-largest oil producer and sits on the world's second largest natural gas reserves.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
