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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.


Oil Accord Sealed with S. Korea’s SK Energy

The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.
Power Plant and electricity

Turkish Firm Signs $4.2bn Power Plant Deal with Iranian Energy Ministry

A major Turkish energy company has finalized a $4.2bn deal with Iran's Energy Ministry to set up seven natural gas power plants in the Islamic Republic.

Iran and Japan to Cooperate on Energy Efficiency

Iran’s Institute for International Energy Studies (IIES) and the Japan Cooperation Centre for the Middle East (JCCME) have agreed to cooperate on studying energy efficiency in Iran.
Deputy Petroleum Minister and Managing Director of the National Iranian Oil Refining and Distribution Company Abbas Kazemi

Deputy Petroleum Minister Calls for Change in Oil Export Route

Deputy Petroleum Minister and Managing Director of the National Iranian Oil Refining and Distribution Company Abbas Kazemi called for a change in the oil transfer route in order to facilitate export.
Iran's Parliament

Larijani Invites Minister to Brief Parliament on New Oil Contracts

Majlis Speaker Ali Larijani invited Petroleum Minister Bijan Zangeneh to attend a parliament session to brief members on new oil contracts.
11th international energy conference iran

11th International Energy Conference Starts in Tehran

Tehran hosts the 11th International Energy Conference, one of the largest gatherings of managers and experts in the energy sector.

GECF urges cooperation over market issues

The GECF declaration also highlighted the need for member states to work together over the security of natural gas supplies to the markets worldwide.

Indonesia Signs LPG Import Deal with Iran

Indonesia inked a deal with Iran for purchase of 80,000 metric tons of Liquefied Petroleum Gas (LPG) from Iran.

Iran Eyes 10,000 Jobs in Major Refinery Project

Siraf Refinery Project, comprising 8 gas condensate mini-refineries, will generate 10,000 jobs, said a senior official related to the project.
eshagh jahangiri: Iran among the safest countries for investment

First VP Embraces MP’s Criticism of Oil Contracts, Calls for Amendments

In a rare move in the history of Iranian administrations, First Vice-President Eshaq Jahangiri warmly welcomed a recent letter by the outspoken former MP Ahmad Tavakkoli which criticized the Oil Ministry’s new contracts, and asked Oil Minister Bijan Zanganeh to correct them accordingly.

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