Energy

Energy

[:en]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.[:]

Hamid Chitchian

Iran, Japan Must Boost Energy Cooperation after JCPOA: Minister

The Iranian energy minister says Iran and Japan must make use of the atmosphere created after the implementation of last year’s landmark nuclear agreement between the Islamic Republic and six global powers to boost cooperation in the energy sector.

Iran Signs International Energy Charter Declaration

The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.

Iraq Says It Will Participate in OPEC Deal to Cut Output

Iraq will shoulder part of the burden of oil-output cuts, said Prime Minister Haider Al-Abadi, reversing the nation’s previous insistence for an exemption and potentially removing an obstacle to an OPEC deal next week.

Iran May Reduce Its Oil Output as Part of an OPEC Deal

Members of Organization of Petroleum Exporting Countries (OPEC) are close to a deal based on which all member states, including Iran, Saudi Arabia, and Iraq are obliged to cut up to 4.5 percent of their oil output.

Development of Iran’s Azadegan Oil Field to Be Put Out to Tender: Official

The deputy head of the National Iranian Oil Company (NIOC) said the country plans to put the development of the South Azadegan oil field out to tender, dismissing reports that the project will be awarded to France’s oil giant Total without its participation in the bid.

Oil-Rich Kuwait and UAE Start Importing US Shale Gas

The United States has began exporting natural gas to the Middle East, according to a media report.

Iran’s Fierce Competition with Iraq over Joint Oilfields

Iran’s employment of Chinese contractors, rather than Western firms, for the development of its joint oilfields has been criticized by energy experts, particularly now that Iraq has speeded up its output from the oilfields it shares with Iran.

Germany to Give Iran €12bn for Petchem Plans

Iran says it will soon start talks with two German companies to open a major credit line of €12 billion for the development of some of its petrochemical projects.

Iran’s President Inaugurates Oil Projects in Southwestern Province

Iranian President Hassan Rouhani on Sunday inaugurated a number of development projects, including those for developing oil fields, in the southwestern province of Khuzestan.

Iran, China, France Sign Energy Deal

An MoU to develop the Phase 11 of South Pars gas field was inked on Tuesday between Iran’s NIOC and Petropars companies, France’s Total as well as CNPCI of China.

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