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.

Zangeneh

Iran raises daily gas output by 70m cubic meters

Oil Minister Bijan Namdar Zanganeh has said that Iran's gas output has surpassed 70 million cubic meters and is estimated to reach 100 million by year-end.
arabs oil

Iran sets its sights on joint oil fields

The Iranian government has devised special plans for the joint oil fields, trying to raise the country’s crude output in four years.
Bousher power plant

By 2040 countries lacking nuclear-generated electricity will fall apart

Production of nuclear energy is cheaper than wind and solar energies and is not tied to any specific climatic conditions.
Iran -Earth Enegry

Iran becomes the ninth member of an exclusive club of nations tapping geothermal energy

Almost a dozen areas across Iran are suitable for generation of geothermal energy.
oil

Saudi comments add to market volatility

A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.
General Firouzabadi

Saudi Arabia serving Western States by Surplus Production

Chief of Staff of the Iranian Armed Forces Major General Hassan Firouzabadi has said that Saudi Arabia has decreased crude prices to place pressure on regional countries which are fighting ISIL terrorists.
zarif-jabouri

Iran FM blasts ME countries on falling oil prices

Iran’s foreign minister has said that Tehran is ready to promote all-out ties with Iraq, adding that Iraq’s progress and security is intertwined with that of Iran.
Bijan-Zanganeh

Zanganeh denies Iran, Russia ‘oil bartering’

Iran's oil chief Bijan Namdar Zanganeh has ruled out reports that Tehran has signed a deal with Russia to barter oil for essential goods.
OPEC Zangeneh

With oil prices in free fall, an OPEC extraordinary meeting is likely: Iranian oil...

Consensus among all members will determine whether or not an extraordinary meeting of OPEC should be held in case global oil prices continue to drop, said the Iranian oil chief.
Iran Gas Oil

Iran to unveil 40 great oil projects at London conference

The oil projects are mainly in connection with South Pars and West Karoun oil fields and could fetch $40 billion worth of investment.

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