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Iran Energy News

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.

Purchase of Iran’s Oil Not Guaranteed by Europe: Minister

Iran’s Oil Minister Bijan Namdar Zanganeh has said that the European states have not still guaranteed the purchase of Iranian oil amid the US sanctions on the Islamic Republic’s oil industry.

Selling Oil Today More Difficult than in Wartime: Iran

Iranian Oil Minister Bijan Zanganeh says today's conditions are harder than those of the wartime, because at the time of war Iran did not have problem in oil exports.

Iran, Russia Sign 8 MoUs in Isfahan

Eight cooperation agreements have been signed by representatives of Iran and Isfahan during a ceremony attended by Iran's Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak.
Zanganeh

Iran Proposes New Date for OPEC Meeting

Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.

‘Russia Still Interested in Making Energy Investment in Iran’

Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin have discussed expansion of business ties between the two states in a range of fields, particularly in the energy sector, despite Washington's unilateral sanctions.

Two Supertankers Carrying Crude Oil Targeted in Sea of Oman

Two super oil tankers carrying crude from the Persian Gulf region have reportedly been targeted in the Sea of Oman.

Abe’s Tehran Visit Reminiscent of Japan’s Historic Bypass of UK Bans

The visit of Japanese Prime Minister Shinzo Abe to Tehran amid the current heightened tensions in Iran-US relations serves as a reminder of a historic move by Japan’s government in the years after the World War II to circumvent the brutal sanctions imposed by the Great Britain on Iran’s national oil industry, an op-ed by Iranian newspaper Shargh said.

Iran Contains Fire at South Pars Gas Field

Iranian firefighters have managed to contain a fire that engulfed the 9th platform of South Pars Gas Field, the world's biggest natural gas field, located in the Persian Gulf.

Iran Says Will Remain in OPEC, Keep Fighting US Pressure

Iran’s oil minister says Tehran is going to remain a member of the Organization for Petroleum Exporting Countries (OPEC) even though some members have joined the United States in using oil as a weapon to put pressure on Iran as one of the founders of the organization.

Oil Price to Hit $100 Once First Bullet Fired in Persian Gulf: Iran

A senior Iranian commander has dismissed the United States’ aggressive posturing against Iran, reasoning that any potential confrontation in the Persian Gulf would instantly increase oil prices to over 100 dollars per barrel, something that Washington and its allies would not be able to endure.

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