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Energy

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.

power plants

Tehran, Baku to Jointly Build Power Plants

Iranian lawmakers have approved a bill on joint construction of two hydropower plants with Azerbaijan Republic.

Iran Stops Export of Free Natural Gas to Turkey

Head of the National Iranian Gas Company (NIGC) says Iran has ended free gas exports to Turkey after clearing its debts to the country.
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Iran Signs Oil Sales Deals with 7 European Firms

An oil official has reported on the signing of seven oil sale agreements with Greek, Spanish, Italian, Swiss, French and Russian companies.
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Iran inks gas deal as Omani minister visits

Two separate agreements have been signed for studies in the offshore and onshore sections.
Iran gas

Iran top holder of worldˈs natural gas reserves: BP

The British Petroleum (BP) classed Iran, for the second consequent year, as the world’s top gas reserves holder with 33.8 trillion cubic meters, it was reported on Wednesday.
oil ship

Iran says ready to export 200k bpd of oil to Spain

Iran says it is ready to increase its oil exports to Spain to levels that existed before the US-led sanctions were put into place.

Iran oil exports to rise by 500K barrels in current month: Official

An official at the National Iranian Oil Company (NIOC) says Iran will increase its crude oil exports by 500,000 barrels per day (bpd) during the current month.
Iran - south pars gas field

Oil Minister: Phase 12 of South Pars Gas Field to Double Production Soon

Iranian Oil Minister Bijan Namdar Zanganeh announced that phase 12, the biggest development phase of the massive offshore South Pars gas field, south of Iran, will double gas production by the next month.

TAVANIR and KEPCO Sign $10bn MoU

Iran’s Power Generation and Transmission Company (TAVANIR) and the Korea Electric Power Corporation (KEPCO) have sealed a deal over expansion of cooperation in power and energy industries.

Iran to Complain to ICJ over Turkmenistan’s Overpriced Natural Gas Supplies

Tehran is to lodge complaints with the International Court of Justice over the quality and price of Turkmenistan's natural gas supplies to Iran.

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