Oil Price Falls Most since 1991 War, Plunges to $31

Oil Price Falls Most since 1991 War, Plunges to $31

Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.
Bijan Namdar Zangeneh

Iran Says OPEC’s Friday Meeting among Its ‘Worst Ever’

Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
Iran 95% Self-Sufficient in Electricity Equipment

Iran 95% Self-Sufficient in Electricity Equipment

Iran Parliament Speaker Ali Larijani says the country’s Ministry of Energy has succeeded in producing 95% of the equipment required for the power industry inside the country.
IRGC Installs Last Platform in South Pars Phase 14

IRGC Installs Last Platform in South Pars Phase 14

The last platform of Phase 14 of Iran’s giant South Pars gas field was held in place by Iranian technicians on Saturday.
Iran’s Petropars Developing South Pars Gas Field Alone

Iran’s Petropars Developing South Pars Gas Field Alone

Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.
Iran to Open Pavilion at Omani Energy Exhibition

Iran to Open Pavilion at Omani Energy Exhibition

The knowledge-based companies from the Islamic Republic of Iran are going to take part in the Oman Petroleum & Energy Show (OPES) in March 2020.
Iran to Electrify Motorcycles to Reduce Air Pollution Minister

Iran to Electrify Motorcycles to Reduce Air Pollution: Minister

Iran’s energy minister says the country plans to electrify motorcycles in metropolises as part of a technical-economic program to reduce air pollution.
Rouhani Visits Exhibition of Iran’s Petrochemical Achievements

Rouhani Visits Exhibition of Iran’s Petrochemical Achievements

Iranian President Hassan Rouhani has toured the country’s latest products, findings, technologies and achievements in the field of petro-chemistry in a visit to an exhibition held in Tehran.
Iran Building 11 Rubber Dams

Iran Building 11 Rubber Dams

Iran’s Minister of Energy Reza Ardakanian says 11 rubber dams are under construction across the country with the purpose of protecting the environment, particularly in the northern provinces.

INSTEX of No Use If Oil Revenues Not Secured: Iran

Governor of Iran's central bank says as long as the Europeans do not buy Iran’s oil and Tehran does not receive the oil revenues, the European financial mechanism known as INSTEX will be of no use.