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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.

Iran to increase nuclear electricity generation capacity to 8MG

The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.

Hezbollah Warns Israel, US against Harassing Lebanon-Bound Iranian Fuel Ship

Lebanon’s Hezbollah Movement says a shipment of Iranian fuel oil for Lebanon which will set sail on Thursday is considered the Lebanese territory from the moment it starts its journey.

Fire at Petrochemical Facility in Southern Iran ‘Fully Contained’

The blaze raging through a petrochemical complex on Kharg Island off the southern Iranian coast has been fully contained, with no one being hurt.

Raisi: OPEC Should Promote Member States’ Rights, Interests

Iranian President Ebrahim Raisi has called on the Organization of the Petroleum Exporting Countries to focus on the interests of member countries and take up a greater role in the global oil market.

‘US JCPOA Pullout Costs Iran 2bn Barrels in Oil Exports Worth $120bn’

Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars.

Protest Rally Held in Downtown Tehran against Power Cuts

A number of shop owners at Aladdin and Charsou shopping malls in downtown Tehran have held a rally to protest power cuts at the renowned mobile markets.

Iran Inaugurates Major Pipeline to Bypass Strait of Hormuz for Oil Exports

Iranian President Hassan Rouhani has officially inaugurated the first phase of the 1,000-kilometre oil pipeline connecting Goreh in the west of Persian Gulf to Jask in its east, making Iran independent of the Strait of Hormuz for oil exports.

Solar Panels Distributed among Nomads in Southwest Iran

Authorities have distributed solar panels among nomads in the southwestern Iranian province of Chaharmahal and Bakhtiari.

Iran Shuts Illegal Crypto Mining Fields amid Power Crisis

Iran’s Energy Minister says the police have discovered 3,600 illegal centres of cryptocurrency mining, which used 570 MW of the country's electricity.

Blast in Oil and Gas Pipeline in Southern Iran Kills Three

An explosion in an oil and gas pipeline station at Fath-ul-Mobin region of Shush County in Iran's Khuzestan province has killed three people and injured four others.