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.

Qazvin, Italian Investors Sign Solar Plant Deal

Qazvin provincial officials and Italian investors have signed a deal which will build a 1000-mW solar power plant and photovoltaic panels.
oil price

Falling crude prices unable to push Iran to soften tone

The Iranian oil chief has said that plummeting oil prices will not make the country change its steadfast positions and stances.

Russia Says to Start Construction of 2 Power Plants in Southern Iran

The head of Russia’s Rosatom State Nuclear Energy Corporation announced the country is set to start the construction of two more nuclear power plants in Iran's southern city of Bushehr soon.

Iran putting finishing touches to IPC contracts: Zangeneh

Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.

Russia Looking for Constructive Talks in OPEC Meeting: Report

Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, said a government official.

Iran: Sanctions to be lifted in ‘next few days’

The Iranian oil minister calls on leading energy companies to re-open their offices in Iran in order to get Iranian support. Tag: Iran-sanction

Tehran, Seoul to Sign MoUs in May

South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said on Sunday.

Iran Poised to Catch Up with Qatar Gas Production by March 2017

Iran says its gas recovery from the supergiant South Pars gas field will catch up with that of Qatar before the end of the current Iranian calendar year which began on March 20.
President Rouhani

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.

Iranian oil minister, France’s Fabius confer on cooperation on energy

Iran's oil chief has said that his ministry is planning to open a new chapter in cooperation with the French energy giant, Total, for the development of Iranian oil fields.

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