The Iranian government plans to sell 2.3 mb/d of crude oil and condensate both in domestic and international markets in the upcoming Iranian year (from 21 March 2021 to 21 March 2022). The country forecast to market 645,000 bbl/d of crude oil at an average price of US$40/bbl, generating US$9.5bn in government income over the year. In 2019, Iran produced 3.2 mb/d of crude oil and condensate, including 2.3 mb/d of crude oil. Around 1/2 of Iran’s oil and condensate output was exported.
Offshore wind energy could account for 25% of France’s power mix by 2050, according to the French Minister of the Sea. The 500 MW Fecamp project, which will be the first utility-scale offshore wind project in France, entered construction in June 2020 and commissioning is scheduled in 2023. This 25% share would be in line with the European Strategy on offshore renewable energies.
The renewable energy capacity in India, which exceeded 130 GW (including hydropower and biomass) at the end of 2019, is expected to increase to over 220 GW by 2022, according to the government. This will require an annual investment of US$20bn. The previous objective was to increase the renewable capacity to 227 GW by 2022. The government aims to further develop renewables to reaches 450 GW of renewables 2030.
The Canadian Energy Regulator (CER) has released its Energy Supply and Demand Projections to 2050 (EF2020) forecasts, including a "Reference scenario" that implies no additional effort to cut greenhouse gas emissions and steady demand for fossil fuels (traditional baseline projection) and a "Evolving scenario", which assumes continuing the historical trend of increasing global action on climate change.