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.
Iran’s Oil Minister Mohsen Paknejad announced that starting in June, a major oil or petrochemical project will be inaugurated each month in Iran until the end of the year.
Iran’s oil exports reached a 10-year record in the calendar year to late March, according to figures released by the country’s central bank, despite draconian US sanctions.
Iran’s Oil Minister, Mohsen Paknejad, issued the order to restart exploratory drilling operations in the shallow waters of the Caspian Sea, in Northern Iran, with the North Drilling Company’s rig being deployed at a depth of 70 meters.
Iran’s Oil Minister Mohsen Paknejad has announced a series of reforms aimed at facilitating private sector involvement and accelerating investment in the country’s oil and gas industry, as part of the administration’s broader energy development strategy.
Iran’s Minister of Petroleum, Mohsen Paknejad, announced the signing of four major contracts with Russian companies for the development of seven Iranian oilfields.
Iranian authorities have announced the definitive sentencing of those involved in a massive organized fuel smuggling case involving two foreign oil tankers.
Iran and Iraq have signed a memorandum of understanding (MoU) to supply NGL 3100 feedstock to Dehloran Petrochemical Plant, in western Iranian border province of Ilam.
The oil ministers of Iraq and Iran signed several memoranda of cooperation to strengthen mutual collaboration during a meeting in the Iraqi capital Baghdad. Iraqi Oil Minister Hayan Abdel Ghani and his Iranian counterpart Mohsen Paknejad also explored future opportunities.
Iran's power grid is under severe strain as a prolonged drought reduces hydropower generation while summer electricity demand reaches record levels, raising fears of widespread blackouts in coming months.
Iran is losing between 20-28 million liters of fuel daily to smuggling operations, costing the country $140 million in potential export revenues each day, according to a member of Iran's Anti-Smuggling Headquarters.
Oil prices plunged Monday, with investors worried about the economic fallout from US President Donald Trump’s decision to impose massive tariffs on America’s trading partners.
The CEO of Iran's South Pars Gas Complex says in the Persian year of 1403 (from March 20- 2024 to March 20, 2025), the complex injected over 196 billion cubic meters of natural gas into the national grid thanks to efforts by Iranian specialists at the thirteen refineries of South Pars Gas field in the Persian Gulf.
Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts
The Deputy Minister of Oil and CEO of the National Iranian Oil Refining and Distribution Company announced that the total daily gasoline production in the country has reached approximately 120 million liters.
Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.
Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.
Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.
Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."
Iran has reported a new record in gasoline consumption as motorists take to the roads at the start of a busy travel season that coincides with the Persian New Year holidays.
The Iranian Ministry of Petroleum announced that the inclusion of Mohsen Paknejad, Iran's Minister of Petroleum, in the latest sanctions list by the US Department of the Treasury is a result of his extensive efforts to maximize Iran's oil sales, adding the US will not succed in hindering Iran's efforts to sell oil.
The Central Bank of Iran’s auditor has revealed that petrochemical companies have failed to return 30% of their export revenues this year, up from 12% the previous year.
