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.

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.
Gas sistan

Iran to take natural gas to the southeast to help local economy pick up

The Iranian Economy Council has agreed to allocate 1.5 billion dollars in finances to a project which will take natural gas to Sistan and Baluchestan Province.
Iran-Renewable-Enery

Iran to produce 5,000 MW clean power in five years

The Renewable Energy Organization of Iran says it is planning to generate 5,000 MW of clean power in five years’ time.
Amir Ali Handaji

Oil giants keen to return to Iran’s oil, gas sector

An Iranian oil company director says a final nuclear agreement between Tehran and G5+1 would see the return of world oil giants to Iran.
Iran gas

Canadian, Australian companies ready for gas cooperation

Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.
Bijan Namdar Zangeneh

Iran’s oil industry needs $200 b. in investment: Minister

The Iranian oil minister says countries that hold talks with Iran before the lifting of sanctions will have an edge over others that wait until after the sanctions are removed.
iran pakistan gas pipeline

Iranian, Pakistani FMs call for finalizing IP gas pipeline

Tehran and Islamabad appeal for conclusion of a deal to take Iranian natural gas to the Subcontinent.

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