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.

Street in Tehran Finally Named after Eminent PM Mosaddeq

After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.

Dakar, Tehran Discuss Mutual Cooperation in Gas, Oil

Iranian Foreign Minister Mohammad Javad Zarif and his Senegalese counterpart Sidiki Kaba have conferred on expansion of bilateral ties in various fields, particularly oil and gas cooperation.

Iran Bans Rice Cultivation in Dry Provinces

Iranian Minster of Energy Reza Ardakanian says the government has decided to ban the cultivation of rice in any province other than the ones in the north in a bid to control the serious water crisis across the country.

Iran to Overtake Saudi Arabia on Petrochemical Market

Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.

Lights Out at Milad Tower to Commemorate Earth Hour (+Video)

The iconic Milad Tower in Tehran went dark for an hour on Saturday night, as the Earth Hour campaign kicked off across the globe to raise public awareness about climate change and energy consumption.

Iran, Pakistan to Hold Technical Talks on Peace Pipeline

Iranian Foreign Minister Mohammad Javad Zarif and Pakistani Prime Minister Shahid Khaqan Abbasi have held talks on the controversial issue of Iran-Pakistan gas pipeline.

Iran to Run Project to Utilize Deep Underground Water

An Iranian legislator says drilling operations get underway in April, 2018 in southeastern Sistan region to extract deep subterranean waters.

Iran Playing ‘Very Important’ Role in Iraq’s Economy: Minister

Iraqi Minister of Electricity Qasim Al Fahdawi has hailed Iran's crucial role in Iraq’s economy, calling on the Iranian companies to play a more active role in reconstruction of the Arab country.

Tehran, Rome Seal Deal on Building Solar Power Station

The Islamic Republic of Iran and Italy have clinched a contract on the construction of a solar power station.

Iran to Ink Three Oil Deals This Month

Iran will sign three oil deals before the end of the current Persian year this month which will include operation of the fields for 20 years, Managing Director of the National Iranian Oil Company (NIOC) said on Saturday.

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