Tuesday, March 19, 2024

Energy

Top comdr.: Iran to retaliate in kind if oil tankers stolen

A senior Iranian commander says Iran will retaliate in kind if its petroleum shipments are stolen.

Iran celebrates 73rd anniv. of oil industry nationalization

Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.

Minister: Iran signs oil contract worth $13bn

The Iranian petroleum minister says the country has signed the biggest ever contract in the nation’s oil history worth $13 billion.

Trump reelection not to hinder Iran’s oil sales: Minister

Iranian Oil Minister Javad Owji says that Tehran’s oil exports won’t be hampered if Donald Trump wins the US presidential elections in November. He also added that sanctions and acts of sabotage have failed to stop the country’s progress in the oil sector.

Iran issues fresh warning against Kuwait over Arash gas field row

Iran says it believes in ‘integrated and joint’ extraction with Kuwait and Saudi Arabia from the disputed Arash gas field in the Persian Gulf, warning Tehran will start drilling in the field if Kuwait does so.

One killed, 3 injured in oil refinery blast in southern Iran

One person was killed and two others were injured in an explosion at an oil refinery in the southern Iranian port city of Bandar Abbas.

Iran has potential to become energy hub: President Raisi

President Ebrahim Raisi expressed Iran’s readiness to become a energy hub, stating that his country could turn into a safe route for the transfer and distribution of natural gas among suppliers and consumers.

Iranian research institute wins GECF award in Algiers

Iran’s Research Institute of Petroleum Industry (RIPI) has been granted the Gas Exporting Countries Forum (GECF)’s Award for Long-Term Commitment to Natural Gas in recognition of its contribution to the natural gas sector.

Iran gas production grew 2.5 times more than global average during ten-year period: Oil minister

Iranian Oil Minister Javad Owji has stated that the country’s natural gas production from 2012 to 2022 saw an average growth of 5.2 percent. He added that the figures show the production volume in Iran was more than 2.5 times the global average growth during this period.

Pakistan says US sanctions ‘may not apply’ to gas pipeline project with Iran

Pakistan’s caretaker energy minister has stated Washington’s anti-Tehran sanctions, imposed over its nuclear program, may not apply to the Iran-Pakistan gas pipeline as Islamabad was going to start work on the project within its territory and connect to the neighboring country.

Iran says Israel was behind recent gas pipeline explosion

A recent blast that hit gas pipelines in Iran has been perpetrated by the Zionist regime, Oil Minister Javad Owji told reporters on Wednesday.

VP warns Iran to take ‘reciprocal action’ if its ships are seized by US

Iran’s Vice President for Legal Affairs Mohammad Dehqan has stressed that the country will reciprocate if its ships are seized illegally, as the United States acknowledges the confiscation of Iranian oil.

Iran’s oil exports increased 50% last year despite US sanctions: Report

A new report shows that Iran’s oil exports rose by half in 2023 despite sanctions imposed on Tehran by Washington.

Iran: Natural gas exports to Iraq underway as planned

Iran says exports of natural gas to neighboring Iraq continue as planned, denying reports of a halt in the process.

Global oil prices may double: Report

Global prices for crude oil will double if disruptions triggered by Yemen’s Houthis also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs’ head of oil research, has told CNBC in an interview.

Iran launches 1st cryogenic loading arm, highlights petrochemical industry’s path to self-sufficiency

Deputy  Iranian Minister of Oil and CEO of Iran's National Petrochemical Industry Company, Morteza Shahmirzaei, marked a milestone on Monday at Asalouyeh Port, along the Persian Gulf, where Berth No. 17 Phase 2 witnessed the inauguration of Iran's first locally crafted cryogenic loading arm.

Gas stations in Iran back online after cyberattack

Almost all gas stations in Iran are operational a day after about 70 percent of the pumps were hit in a cyberattack, the Iranian deputy oil minister said Tuesday.

Iran oil minister: Gas stations hit in cyberattack

Iran’s Oil Minister confirmed that about two thirds of the gas stations across the country were disrupted after they were targeted in a cyberattack on Monday.

Official: Gas stations disrupted in Iran, technical glitch will be tackled soon

A technical error has knocked fuel rationing system in Iran off course, the head of the Gas Stations Union confirmed, adding offline fueling system at non-subsidiary prices has not been affected.

Minister: Iran to increase oil production to 3.6mn barrels per day in months

Iran’s oil minister says the country is planning on increasing its crude production to 3.6 million barrels per day by the end of the current Iranian year, on March 20, 2024, and aims to hit the 4 million mark next year.

Minister: Iran must enjoy its share of Hirmand River water

Iran’s minister of energy has said the country must enjoy its right to the water of Hirmand River on the border with Afghanistan.

Official: Iran kick-starts construction of Karoun nuclear power plant

Iran has started to build the Karoun nuclear power plant in the southwestern province of Khuzestan, the head of the Atomic Energy Organization of Iran (AEOI) says.

Putin says Iran discussing gas supplies with Russia

Tehran is discussing the possibility of Russian gas supplies with Moscow, Russian President Vladimir Putin has said at the plenary session of the Russian Energy Week.

Iran inaugurates power plant for industries in Isfahan’s Mobarakeh

Iranian President Ebrahim Raisi inaugurated a combined cycle power plant earlier on Friday in Isfahan’s Mobarakeh Steel Company as part of a larger plan to help industries generate the power they need and remove obstacles for production.

Persian Gulf Star Oil Company’s refining capacity rises to 455,000 barrels

Iran’s Persian Gulf Star Oil Company (PGSOC) in the southern Iranian port city of Bandar Abbas has increased its refining capacity from 36 thousand barrels at inauguration over six years ago to 455 thousand barrels, the company’s director said on Wednesday.

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