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.

“Iran Must Form Consortium with Russia, China, India to Resist US Sanctions”

Conservative newspaper Kayhan has called on the Iranian government to stop relying on the West and form a consortium with Russia, India and China as an alternative to cope with the West’s economic pressure.

South Korea Rejects Reports on Stopping Oil Imports from Iran

The South Korean embassy in Tehran has rejected the groundless reports on suspending its shipments of Iranian crude oil and gas condensates in July.

World Powers Reaffirm Commitment to Continuation of Iran’s Oil Exports

Russia, China, Germany, France, and the UK have reaffirmed their commitment regarding a number of objectives including the continued export of Iran’s crude oil despite the US’ bid to cut the Islamic Republic’s oil revenues.

IRGC Prepared to Put into Action Rouhani’s Threat on US Oil Bans

Iran's Islamic Revolution Guards Corps (IRGC) says it stands ready to put in action President Hassan Rouhani's latest position that if Tehran were not able to export its crude oil through the Strait of Hormuz, no other country would be able to do so.

Major Project Inaugurated to End Water Crisis in Southern Iran

A huge water transfer project named Ghadir II became operational in southern Iran on Wednesday night, ending the residents’ water problem after long time.

General Soleimani Praises Rouhani’s “Timely, Wise” Remarks

IRGC Quds Force Commander Major General Qassem Soleimani has thanked Iranian President Hassan Rouhani for his recent remarks on the US’ bid to cut Iran's oil exports as well as his comments on the Zionist regime of Israel.

Iran Nuclear Deal Key to Global Peace, Security: Rouhani

Iranian President Hassan Rouhani has described the Iran nuclear deal as a great diplomatic achievement whose survival is in the interests of the global peace and security.

Rouhani Says It’s Impossible to Block Iran’s Oil Exports

Iranian President Hassan Rouhani says it is impossible to cut Iran’s oil exports while other regional states keep exporting their oil.

Trump’s Bid to Bring Iran’s Oil Exports to Zero Impossible Dream

Iran’s First Vice-President Es’haq Jahangiri says Washington’s claim that it will reduce Iran’s oil sales to zero by November is impossible to come true.

Iranian President Opens 2nd Phase of Persian Gulf Star Refinery

President Hassan Rouhani on Thursday launched the second phase of Persian Gulf Star refinery in southern province of Hormozgan.

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