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.

natural gas

Free Gas Export to Turkey Sparks Controversy in Iran

Iran’s free gas export to Turkey has given rise to a considerable controversy in the country with some calling it a great loss inflicted on the national treasury for which the incumbent government is to blame, and some saying that Ankara has already paid for the gas it is receiving from Tehran for free.
Iran Supplying Turkey with Free Gas for Past Debts

“Iran Supplying Turkey with Free Gas for Past Debts”

Iran’s Oil Minister Bijan Namdar Zanganeh said the country is currently not receiving any money from Turkey for the export of gas, because Tehran has to clear its debts under an International Court of Arbitration ruling on a dispute over gas pricing.
France’s Peugeot, Total Looking for Stronger Presence in Iran

France’s Peugeot, Total Looking for Stronger Presence in Iran

With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.

“We Won’t Give Away a Single Dollar in Crescent Case”

An Iranian presidential contender harshly criticized a controversial deal on selling natural gas to an Emirati company, and promised not to give away a single dollar on an open legal case concerning the contract.
Rouhani

Iranian Oil Experts Accuse Rouhani of Downgrading Domestic Capabilities

A number of the Iranian oil experts have reacted to recent comments by President Rouhani about the vital role of the nuclear deal in the completion of domestic oil projects, saying that he has overstated the impact of the JCPOA and imparted incorrect information
Iran Oil Show Opens in Tehran

Iran Oil Show Opens in Tehran

The Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2017, was kicked off on Saturday at the city's permanent fairground.
oil price

Real Oil Price is over $70 per Barrel: Iranian MP

An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.
general jafari

Iran to Celebrate Self-Sufficiency in Petrol Production: IRGC Commander

Commander of the Islamic Revolution Guards Corps (IRGC) declared that Iran will celebrate its self-sufficiency in the production of petroleum after the inauguration of the world’s largest gas condensate refinery in coming days.
natural gas

Iran Equals Qatar in Natural Gas Output from South Pars

The phases 17, 18, 19, 20, and 21 of the supergiant South Pars Gas Field in southern Iran were officially inaugurated by Iranian president on Sunday, increasing the country’s output from the joint gas field to Qatar’s level.
Bijan Zangeneh

Iran to Support OPEC Oil Cut Extension If Unanimity Reached

Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.

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