Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.
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 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.
The last platform of Phase 14 of Iran’s giant South Pars gas field was held in place by Iranian technicians on Saturday.
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.
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’s energy minister says the country plans to electrify motorcycles in metropolises as part of a technical-economic program to reduce air pollution.
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’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.
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.