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Iran’s economy, while diversified, is still heavily influenced by the state of the oil and gas market. Read more about recent news and developments in the sector here.

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“Iran’s Oil Ministry Showing Tolerance towards France’s Total”

An Iranian lawmaker says the Oil Ministry is showing tolerance vis-à-vis the French oil giant Total given the firm’s indicating that it might rethink its agreement with the ministry.
Singapore to Conduct Field Studies on Iranian Oilfield

Singapore to Conduct Field Studies on Iranian Oilfield

Singapore's Berlanga have signed a Memorandum of Understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct field studies on development of Iran's Dalpari Oilfield.
Japan Increases Energy Imports from Iran by 94%

Japan Increases Energy Imports from Iran by 94%

Japan used to be a major customer of Iran’s energy market but the country drastically reduced its energy imports during the years that Tehran was under international sanctions. However, with the removal of the sanctions, Japan has once again joined the main importers of Iran’s energy.

Iran, Russia to Boost Cooperation in Developing Oil, Gas Fields

A senior Iranian oil and gas official say Russia is in talks with the Islamic Republic for development of 10 oil and gas fields in Iran.
Iran Most Advanced Mideast Country inRenewable Energies: Forbes

Iran Most Advanced Mideast Country in Renewable Energies: Forbes

A report by Forbes says European firmsare pouringtheir money into renewable energy projects in Iran, which is the most advanced country in the region in terms of renewable energy development.
Iran Signs €20m Deal with China on Development of Solar Panels

Iran Signs €20m Deal with China on Development of Solar Panels

The Industrial Development and Renovation Organization of Iran and China's Znshine PV-Tech Company signed a memorandum of understanding on Sunday to set up an automated production line of photovoltaic panels in Iran.

Iran’s President Calls for Enhanced Ties with Uzbekistan

Iranian president has highlighted the huge capacities for expansion of Tehran-Tashkent relations, saying the two states should cement their age-old ties in all fields.
Norway Solar Firm Inks $4bn Deal with Iran

Norway Solar Firm Inks $4bn Deal with Iran

A Norwegian solar company has defied US President Donald Trump’s call for further isolation of Iran by signing a deal to invest €2.5 billion ($4 billion) in the country over the next five years.
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US Firms Can Do Business with Iran If Trump Allows Them to: Minister

Iranian petroleum minister says the Islamic Republic’s doors are open to American firms if President Donald Trump allows them to do business with Iran.

Iraq’s Internal Divisions Impacting Global Oil Market

While Iran’s nuclear deal is grabbing the international headlines, oil market experts are mainly concerned with the internal divisions in Iraq, particularly the conflict over the secession of Iraqi Kurdistan as the main element which can influence the global oil prices.

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