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.

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.
iran pakistan gas pipeline

Pakistan will honor undertaking to lay gas pipelines on its side

Islamabad has said that it will fulfill its undertaking to lay gas pipelines on Pakistan soil, adding that gas imports from Iran will begin as of late 2016 or early 2017.
iran iraq gas pipeline

Iran starts laying new gasline to Iraq

The construction of the first pipeline which goes to Baghdad is almost complete and is to start carrying gas to the country by May, 2015.
Iran oil

Iranian oil exports to Asian states jump by nearly 20% in 2014

December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.
FPSO Vessel

Iran has signed a contract to buy FPSO vessel

Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.

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