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.

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.

President Rouhani, Foreign Ministry offer felicitations on Reporter’s Day

National Reporter’s Day on August 8 marks the martyrdom of IRNA correspondent in Afghanistan Mahmoud Saremi 17 years ago in the northern Afghan city of Mazar-i-Sharif.

Iran rejects oil freeze call as ‘joke’

Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.

New Generation of Filling Stations Set Up in Tehran

Tehran Municipality and the Iranian Oil Ministry have set up self-service filling stations for the first time in the Iranian capital of Tehran.

Iranian official rejects reports on energy talks with US companies

Hosseini said Iran has already held negotiations with major European energy giants.

NISOC Crude Output Back to Pre-Sanctions Level: CEO

The Managing Director of the National Iranian South Oil Company (NISOC) said the company's crude oil output has returned to the level it was before the US-led sanctions targeted Iran's oil sector back in 2012.

Iran Oil Output Over 3.8mbd

Iranian Minister of Petroleum Bijan Zangeneh said Iran's crude oil production has crossed 3.8m barrels per day in the month of Khordad, which began on May 21.

KOGAS to build Iran-Oman gas pipeline

The media in Seoul have reported that Korea Gas Corporation (KOGAS) is considering a project to build a subsea pipeline to take natural gas from Iran to Oman – what would bring Tehran closer to an ambitious plan to become an exporter of liquefied natural gas (LNG).

Oil Minister: Iran has tools to minimize damage by drop in oil prices

Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.

Iran’s Industry Minister to Meet Russia’s Energy Minister

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Russian Energy Minister Alexander Novak are scheduled to hold talks at an upcoming major international economic conference in St. Petersburg.

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