Energy

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.

oil price

Real Oil Price is over $70 per Barrel: Iranian MP

An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.
general jafari

Iran to Celebrate Self-Sufficiency in Petrol Production: IRGC Commander

Commander of the Islamic Revolution Guards Corps (IRGC) declared that Iran will celebrate its self-sufficiency in the production of petroleum after the inauguration of the world’s largest gas condensate refinery in coming days.
Iran Equals Qatar in Natural Gas Output from South Pars

Iran Equals Qatar in Natural Gas Output from South Pars

The phases 17, 18, 19, 20, and 21 of the supergiant South Pars Gas Field in southern Iran were officially inaugurated by Iranian president on Sunday, increasing the country’s output from the joint gas field to Qatar’s level.
Bijan Zangeneh

Iran to Support OPEC Oil Cut Extension If Unanimity Reached

Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.
iran oil

Iran Becomes Second Supplier of S. Korea’s Crude Oil: Report

The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record
rouhani

Iranian President Visits Flare Minimization Plan in Southwest

During his Thursday visit to southwestern province Khuzestan, Iran’s President Hassan Rouhani visited the AMAK plan, the largest environmental project of the country in oil and gas sector.
zangane

Irán exportará a Rusia 100 mil barriles diarios de crudo

[:es]barriles diarios de crudo El Gobierno de Teherán tiene planeado sellar un pacto con Moscú por el que Irán venderá a Rusia 100.000 barriles diarios de petróleo.
Zanganeh

Iran to Sell Crude Oil to Russia: Minister

Iran will sign a deal with Russia to sell 100,000 barrels per day of oil to its northern neighbour, Iranian Minister of Petroleum said on Tuesday.
total

Iran to Probe Allegations about Total’s Information Leak to Qatar

An Iranian lawmaker says the Parliament will investigate the veracity of allegations concerning French oil giant Total’s disclosure of secret data about Iran’s South Pars Gas Field to neighbouring Qatar.
energy

Iran Resumes Power Export to Iraq

Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report by Mehr News Agency.

Today Front Pages

Ads