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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.

China to Make $2bn Investment in Iranian Oil Refinery

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

Iran’s Gas Condensates Exports Up %150 since US JCPOA Withdrawal

Iran’s exports of gaseous condensates have risen considerably following the US withdrawal from the Iran nuclear deal.

Iran-EU Joint Committee to Address Oil Trade Problems

EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.

UK Signs First Int’l Oil Deal with Iran after US Withdrawal from JCPOA

The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.

Chinese Firm May Replace Total If It Exits Iran

Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.

Iran Cannot Be Ignored on Global Oil Market: Minister

Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.
23rd Edition of Iran Oil Show Kicks Off in Tehran

23rd Edition of Iran Oil Show Kicks Off in Tehran

The 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran has kicked off in the Iranian capital Tehran.

Riyadh to Fund, Taliban to Protect TAPI Gas Pipeline

While Iranian officials maintain that it is unlikely the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline project becomes operational, Saudi Arabia has pledged to provide its investment and Taliban militants vowed to secure it.

Iran Says Turkey’s GAP Project Destroys Regional Ecosystem

An Iranian lawmaker has warned about the destruction of regional ecosystem by Turkey’s GAP (South Eastern Anatolian) Project, saying that the dam construction project is a Zionist plot.

Iran’s Kerman Province Home to Globally-Registered Qanats

Kerman province in southeastern Iran is home to hundreds of qanats through which underground waters have long been extracted by local people.

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