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.
Beijing has increased its purchases of Iranian oil after Chinese authorities issued new quotas allowing private refiners to import crude stored on tankers waiting offshore, according to a new report.
The Iranian foreign minister emphasized that the Islamic Republic is one of the most reliable energy suppliers for Turkey and expressed Iran’s readiness to extend the gas contract and expand cooperation in the electricity sector.
A new report by Reuters news agency suggests that Iran has managed to export more oil to China via Indonesia, a tactic experts believe is used to evade US sanctions aimed at restricting Iranian oil shipments.
An informed source in London has told Iran's IRNA New Agency that the UK Court of Appeal has agreed to refer the Crescent case to the country's Supreme Court, effectively delaying the confiscation of a historic building owned by Iran’s Oil Industry Pension Fund.
The ancient Zahhak Castle in Hashtrood, East Azarbaijan Province, has been illuminated for the first time using solar power, marking a step toward eco-friendly heritage preservation in Iran.
The National Iranian Oil Company has expressed dismay at a UK court ruling to confiscate a building in London that belongs to the state oil company’s pension fund, stressing it will exhaust all legal means to overturn the ruling.
Tehran continued to increase its oil exports in September despite the continued pressure of US sanctions, and just before the United Nations re-imposed its sanctions against Iran.
Iran’s Oil Minister Mohsen Paknejad has announced the discovery of large natural gas and oil reserves in the Pazan field in the southern Province of Fars.
Iran’s Oil Minister, Mohsen Paknejad, stated that the potential reactivation of UN sanctions by the EU, or “snapback,” would not impact the country’s oil exports beyond existing US unilateral restrictions.
Iran has set a new record in solar power generation, with output from its solar plants reaching 800 megawatts on August 26, according to the Renewable Energy and Energy Efficiency Organization (SATBA).
Iranian President Masoud Pezeshkian has announced that more than 1,000 megawatts of solar panels have been installed since his administration took office more than a year ago, part of a drive to meet the country’s renewable energy goals.
Iran’s ambassador to Russia said Monday that the delivery of Russian gas to Iran through the Republic of Azerbaijan could begin “in the near future,” pending agreement on pricing terms.
Armenia has formally requested the import of liquefied petroleum gas (LPG) from Iran to meet its immediate domestic needs, the country’s Economy Minister announced on Thursday.
Iranian President Masoud Pezeshkian announced on his personal social media page that, thanks to the efforts of domestic engineers and specialists and with over 85% locally produced equipment, the first phase of the associated gas recovery project in southern Ilam province has been officially inaugurated.
Tehran’s oil production fell slightly in July as output continued to suffer from the impacts of a war Iran fought with Israel in June, and despite a general rise in production by members of the Organization of the Petroleum Exporting Countries (OPEC).
Iran’s Oil Minister Mohsen Paknejad has strongly denied claims made by foreign media that over 40 million barrels of Iranian oil are currently sitting idle at sea due to lack of buyers.
Iran has managed to significantly raise its oil production in a short period of time under an emergency plan introduced by the government and despite the pressures of the US sanctions, according to a report published in the local media.
Iran’s Oil Minister Mohsen Paknejad has stated that Tehran has been planning for a potential scenario in which the United Nations sanctions are re-imposed on the country as part of efforts by European powers to force the Islamic Republic to change its nuclear policy.
Tehran managed to significantly increase its oil export revenues last year, according to new OPEC data, which shows that US sanctions have failed to choke off Iran’s lucrative oil business.
Iran’s oil production declined slightly in June amid Israel’s war against the country, despite an overall increase in output by major oil producers, according to the latest data from the Organization of the Petroleum Exporting Countries (OPEC).
Iran’s largest solar power plant was officially inaugurated in Kuhpayeh, Isfahan, during an online ceremony attended by President Massoud Pezeshkian and senior officials on Thursday.
Iran has officially begun exporting natural gas from the third sweetening train of the South Pars Phase 14 refinery, marking a new milestone in the country's energy development.
