According to the Russian Ministry of Economic Development, Russia is expected to produce 759 bcm of natural gas in 2021, against a previous estimate of 693 bcm. In addition, the forecast for oil production in 2021 was raised from 512 Mt to 517 Mt. In 2022, the country will produce 749 bcm of natural gas, of which 230 bcm should be exported, and 560 Mt of oil, of which 274 Mt should be exported.
The Nigerian Senate has approved the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). Nigeria, which produced an average of 1.52 mb/d of crude oil in 2020 (-25% compared to 2019), plans to reach an average oil production of 1.88 mb/d in 2022, 2.23 mb/d in 2023 and 2.22 mb/d in 2024, and will use a benchmark oil price of US$57/bbl for its budget planning.
Iran aims to raise its refining capacity by more than 60%, from the current 2.2 mb/d level to 3.5 mb/d by 2026. Iran has 12 refineries and the main refineries are Abadan (400 kb/d), Persian Gulf Star Refinery (PGSR, extended from 120 kb/d to 360 kb/d in 2018), Esfahan (375 kb/d), Bandar Abbas (350 kb/d), Shahid Tondgoyan (250 kb/d), Shazand (250 kb/d), Cheshmeh Khosh (125 kb/d), and Shahriyar in Tabriz (110 kb/d). A 150 kb/d expansion is being built at the Anahita refinery in Kermanshah and a 480 kb/d refinery is under consideration in Assaloyeh (Siraf project).
Solar energy has the potential to cover 40% of the US power mix by 2035, according to US Department of Energy, up from the current 3% (2020). The country would need to need to quadruple its yearly solar capacity additions and provide 1,000 GW of power to a renewable-dominant grid by 2035. By 2050, solar energy could provide 1,600 GW on a zero-carbon grid. The United States currently has 83 GW of solar capacity (7% of total capacity).