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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.


Zanganeh denies Iran, Russia ‘oil bartering’

Iran's oil chief Bijan Namdar Zanganeh has ruled out reports that Tehran has signed a deal with Russia to barter oil for essential goods.
Iran and Russia Russia builds 5 power plants for Iran

Russia builds 5 power plants for Iran

Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.

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.

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).

Japan PM due in Iran to expand oil cooperation

Japan's Prime Minister Shinzo Abe will pay a visit to Tehran to hold talks with Iranian officials on ways to expand oil cooperation, Iran’s Oil Minister Bijan Zangeneh says.

Mongolia, new buyer of Iranian crude

An NIOC official announced Iran and Mongolia have resumed negotiations on Iranian crude oil sales to the East Asian country through China’s route.

Iran to Produce Rare Earth Elements: Nuclear Chief

Head of the Atomic Energy Organization of Iran Ali Akbar Salehi unveiled plans for the extraction of rare earth elements in the country as by-products of uranium mining process.

Iran Eyes Broader Energy Ties with Armenia

Iran’s president expressed the country’s willingness to promote cooperation with neighboring Armenia in the energy industry.

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.
iran pakistan gas pipeline

Iranian, Pakistani FMs call for finalizing IP gas pipeline

Tehran and Islamabad appeal for conclusion of a deal to take Iranian natural gas to the Subcontinent.

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