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.

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.
OPEC-OIL

OPEC; the known unknowns

Shargh studies how the Iranian economy can effectively respond to an OPEC decision not to cut the production quotas of its members.
iran-zanganeh

Non-OPEC members must participate in oil output cut

Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.
Iranian Energy Minister Hamid Chitchian

Iran to build hydroelectric power plant in Armenia

Under an MOU signed by Tehran and Yerevan, Iran is to be build a hydroelectric power plant in Armenia.
bijan namdar zangeneh

Oil Minister: Iran has tools to minimize damage by drop in oil prices

Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.
Iran-Venezuela-Rouhani-Ramirez

Iran president stresses need to balanced oil price

The Iranian president says crude price fluctuations will have an adverse impact on global economy.

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