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-Caspian See Oil

Iran, Azerbaijan to Cooperate in Caspian Sea Oil Production

The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of oil in the Caspian Sea.
Iran starts testing Iraq gas pipeline

Iran starts testing Iraq gas pipeline

Iran has began pre-startup tests on a pipeline built to transport natural gas to Iraq to feed the country’s power plants, says an Iranian official.
Iran Gas Oil

Iran would enjoy oil, gas for next 60, 200 years

NIOC deputy-manager for explorations has said the country would enjoy gas and oil reservoirs for next 60 and 200 years, respectively.
Oil Tanker

Oil tankers return to Iran’s ports

The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.
Jask oil port - Iran

Iran Plans to Turn Jask Port into 2nd Oil Hub

The President says his government plans to turn a port in the south into an oil hub.
Zangeneh

No Plan for Russia’s Iran Oil Marketing

Iran’s Petroleum Minister Bijan Namdar Zanganeh has dismissed reports of an agreement with Russia to sell oil for Iran.
diesel fuel

Iran Self-Sufficient in Diesel Fuel

Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel.
gas development

Iran Defines Six-Point Gas Development Plan

Iran has defined a six-point plan for the gas sector under the country’s sixth five-year economic development plan which starts in March 2015, director for planning of National Iranian Gas Company (NIGC) said.
Iranian hydroelectric power

Iranian Hydroelectric Power Plants’ Output Rises by 9%

The electricity produced by Iran’s hydroelectric power plants has witnessed over 9 percent increase since the beginning of the current Iranian year
Iran and Russia Russia builds 5 power plants for Iran

Russia builds 5 power plants for Iran

Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.

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