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’s Oil Output at Highest Level in 5 Years

The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.

Iran ready to supply Europe with natural gas: Official

A senior Iranian energy official says the Islamic Republic is prepared to export natural gas to European countries seeking to diversify their energy sources and gas supplies.
Bijan Zangeneh

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.

Experts Urge Iran to Supply Market Heavy Crude Demand

A number of experts affiliated to the International and Commercial Department of the Petroleum Ministry urged supply of global market demand for heavy crude oil by Iran.

No obstacle for implementation of Iran Pakistan Pipeline when sanctions are lifted

Pakistan has not fulfill its commitments towards  construction of a gas pipeline with Iran (IP) so far under the pretext ofsanctions, despite more than one year since the deadline specified in the contract. Now a high ranking Pakistani official says that there will be no problem and pressure from any third party to hinder construction of the pipeline upon lifting of sanctions.

Iran-Iraq gas pipeline ready for use: Official

The pipeline set up to take Iran's natural gas to the neighboring country Iraq is ready for operation, says managing director of the Iranian Gas Transmission Company.
Iran Starts Construction of Mideast's Biggest Solar Farm

Iran Starts Construction of Mideast’s Biggest Solar Farm

Iran’s energy minister on Thursday inaugurated a project to build the Middle East’s largest solar plant in the country’s southeastern province of Kerman.
Iraq oil

Iraq Mulls Selling Oil through Iran: Report

The Iraqi government says it may consider shipping crude through Iran if talks with the local Kurdish administration on oil revenue sharing fall apart.
Iran-Gas Shourijeh facility

Iran launches largest gas storage facility in Mideast

Iran says it has launched the largest gas storage facility in the Middle East in the northeastern province of Razavi Khorasan.

Undersea pipeline to take Iran gas to India: Report

The Indian government is reportedly determined to seal a deal with Tehran on laying a direct undersea gas pipeline from Iran to India.

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