Energy

Latest Energy News in Iran – 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.

Energy

Iran says daily gas output from South Pars hit all-time high

IFP Media Wire -
Iran’s state-run Pars Oil and Gas Company has announced that daily production from the South Pars field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector.
Energy

Iran’s oil output drops slightly in October: Report

IFP Media Wire -
Iran’s oil output fell slightly in October, according to figures by The Organization of the Petroleum Exporting Countries (OPEC).
Energy

Daily: Gasoline price in Iran hits ‘catastrophic’ lows of three cents per liter

IFP Editorial Staff -
Gasoline prices in Iran have reached an unprecedented low of just three cents per liter, making it the second-cheapest in the world after Venezuela, an Iranian newspaper raised the alarm.
Energy

Iran’s Abadan refinery “unaffected” by Israeli regime’s attack

IFP Editorial Staff -
According to ISNA, none of the tanks or facilities at Iran’s Abadan refinery were damaged in the recent Israeli regime’s attack and refining operations and product output remain normal and stable.
Energy

Iran takes bold step to facilitate investment in its power plants

IFP Editorial Staff -
Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.
Energy

OPEC data show Iran’s oil production keeps rising despite US sanctions

IFP Media Wire -
Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).
Energy

Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’

IFP Editorial Staff -
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
Views

Analyst: Reaching agreement with Pakistan over gas pipeline best option 

IFP Editorial Staff -
As the ultimatum set by Iran for Pakistan on the implementation of the so-called Peace Pipeline, looms, some experts have called on the new Iranian Administration of President Massoud Pezeshkian to seize the opportunity and revive the long-delayed deal.
Energy

US warns Pakistan of ‘ramifications’ over business agreements with Iran

IFP Media Wire -
An American official has stated that Washington would not advise any country, including Pakistan, of “considering business deals” with Iran, warning of “ramifications” such as sanctions.
Energy

Iran’s daily gasoline use hits all-time record: Official

IFP Media Wire -
Daily gasoline use in Iran reached an all time high of 142 million liters on August 31, an official in the country’s Oil Ministry has announced.
Energy

IRGC says seized Togo-flagged tanker carrying smuggled fuel

IFP Media Wire -
The Islamic Revolution Guards Corps (IRGC) Navy announced that it has confiscated a tanker carrying over 700,000 liters of smuggled oil with the flag of Togo in the Persian Gulf.
Energy

Iran says has defused Western sanctions on gas condensates exports

IFP Editorial Staff -
Iran’s oil minister says the country has rendered the US-led Western sanctions on gas condensates exports completely ineffective.
Economy

Iran’s non-oil trade hits $36bn over last four months

IFP Editorial Staff -
According to the Head of Iran's Customs Administration (IRICA), the country's non-oil foreign trade, comprising exports and imports, reached $36 billion during a four month period from 20 March to 21 July 2024.
Energy

Iran dismisses reports oil tankers involved in collision near Singapore carrying Iranian crude

IFP Editorial Staff -
The Iranian Oil Ministry in a statement on Saturday rejected reports that a large oil tanker that collided with a supertanker and caught fire off Singapore's coast was carrying Iranian crude oil.
Energy

Iranian youths’ ‘sacrificial effort’ save country from nationwide blackout

IFP Editorial Staff -
A leak in a turbine condenser knocked a power plan in the southern Iranian city of Ahwaz offline and caused power outage in large parts of the Khuzestan province that is experiencing an average temperate of nearly 50 degrees Celsius.
Energy

Iranian oil minister: Oil output raised to 3.6mn. bpd

IFP Media Wire -
Iran’s Oil Minister Javad Owji says the country’s outgoing administration has managed to increase crude production to 3.6 million barrels per day.
Energy

Iran and Turkmenistan sign gas swap deal to supply Turkmen gas to Iraq

IFP Editorial Staff -
Iran and Turkmenistan signed a gas swap agreement that will transfer Turkmen gas to Iraq through Iran.
Energy

Iran 4th largest OPEC oil exporter: Report

IFP Media Wire -
Tehran has become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales, according to a report.
Energy

Eurostat says Turkey resumed oil imports from Iran after 4 years

IFP Media Wire -
Figures by the European Union’s statistics agency, Eurostat, have shown that Ankara resumed importing oil from Tehran in March 2024 nearly four years after it cut shipments to zero to comply with US sanctions on Iran.
Energy

EI data finds Iran had 2nd largest growth in oil production in 2023

IFP Media Wire -
Figures by a major energy data agency indicate that Iran had the second largest growth in oil production in the world in 2023 despite continued pressure from the US sanctions on its oil exports.
Energy

Iran ranks 7th in electricity generation in world

IFP Editorial Staff -
Iran’s minister of energy says the country has experienced a leap in electricity production, citing a recently released report by Energy Institute (EI) on the surge in energy production in different countries.
Energy

Iran says Tehran-Moscow MoU on gas transfer to serve bilateral ties, regional interests

IFP Media Wire -
A memorandum of understanding (MoU) signed between Tehran and Moscow on potential transfer of Russian gas to Iran would help boost bilateral ties and serve the interests of the two sides and the region, Acting Iranian President Mohammad Mokhber has stated.
Energy

Iran and Russia sign strategic partnership deal for gas

IFP Editorial Staff -
Iran and Russia sign a strategic energy deal to transfer Russian gas to the Islamic Republic.
Energy

Iran minister says oil production surged by 1.4mn barrels in current administration

IFP Editorial Staff -
Iran’s crude production increased by 1.4 million barrels per day during the late President Ebrahim Raisi’s administration despite over 600 new sanctions imposed by the West on exports, the country’s oil minister says.
Energy

Iran signs contracts worth $2bn to develop oil industry

IFP Editorial Staff -
Iran’s Ministry of Petroleum has signed four new contracts worth over 2 billion dollars with the private sector to develop its oil and gas fields.
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