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.

Zangeneh-Oil Minister

Energy cooperation with China ‘strategic’: Zanganeh

Countries which cooperated with Iran under sanctions will be given priority in post-sanctions era, said the oil minister.

Iran says it will start exporting electricity to UAE soon

Iran will soon start exports of electricity to the United Arab Emirates through a subsea power line.

Iran’s light crude price rises by $9

The government envisages different scenarios with regard to oil prices and prepares itself for any rate, said the economy minister.

Russia, Iran sign new agreement on Bushehr power plant

The two sides came to the agreement that Roseenergoatom, a subsidiary of Rosatom, will take part in building new power stations in Bushehr.
Rostam Ghasemi

Iran to provide Iraq’s Kurdistan Region with gas, gasoline

Iran has signed a memorandum of understanding with Iraq’s Kurdistan to export gas and gasoline to the semi-autonomous region.

14 consortia ready to finance Iran-Iraq gas pipeline: Official

An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.

Anti-Iran sanctions will be removed

The Iranian oil chief has said that the government and its nuclear negotiators have always been under the auspices of the Supreme Leader whose “expediencies and guidance” will help rid the country of sanctions.

Gas-sweetening solvents indigenized by Iranian researchers

Scientists at the Research Institute of Petroleum Industry in cooperation with the National Iranian Gas Company have indigenized solvents used in gas-sweetening units of refineries.

Iran launches world’s largest floating oil terminal in Persian Gulf

The 2.2-million-barrel floating oil storage unit (FSU) came on stream in Soroush oil region.

Tehran ready to ink regional convention on power plant safety: Iran nuclear chief

Iran is ready to create a regional safety convention for the supervision of the regional countries' power plant operations, said Salehi.

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