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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.

Swiss Firm TOLGA Eager to Invest in Iran’s Solar Industry

A leading Swiss photovoltaic (PV) company expressed willingness for presence and investment in Iran’s market following the termination of anti-Tehran sanctions.
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.
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Petropars, Interoil Italia, PSEEZ Agree to Develop Oilfield

Iran's Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy's Stinnes Interoil Italia Srl have cemented a deal to develop a new oil field in southern Iran, the managing director of Petropars said.

Iran, Iraq to seal gas oil deal

The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.
gas development

Iran Defines Six-Point Gas Development Plan

Iran has defined a six-point plan for the gas sector under the country’s sixth five-year economic development plan which starts in March 2015, director for planning of National Iranian Gas Company (NIGC) said.
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Iran president stresses need to balanced oil price

The Iranian president says crude price fluctuations will have an adverse impact on global economy.
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Iran says it will start exporting electricity to UAE soon

Iran will soon start exports of electricity to the United Arab Emirates through a subsea power line.

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.
Oil refinery in India

Asia refiners renew Iran crude purchase deal

Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.
Oil transfer

China’s Oil Imports from Iran up 19.5%

Recent official figures show that China’s imports of crude oil from Iran jumped by 19.5 percent in May compared to the same period last year.

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