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.
Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy.
The first private oil dock in South Pars, located in Kangan, southern Iranian province of Bushehr, has commenced operations with the successful fueling of a Bangladeshi ship.
Iran’s oil exports rebounded sharply in the second half of December after a slump reported earlier in the month, according to an announcement by a major international tanker tracking service.
Iran has reached a new milestone in gas production, with a daily output of 865 million cubic meters of sweet gas, surpassing the ministry of petroleum's commitment of 845 million cubic meters.
Data by a major tanker tracking service revealed that Iran’s oil exports to China hit four-month low amid a rise in domestic demand for energy as well as regional tensions that affected the transport and removed customers from the market.
Several Iranian officials, including the government spokesperson, ministers and deputy ministers, and the head of the Environmental Protection Organization, have joined the Two Degrees Less initiative, proposed by President Massoud Pezeshkian to prevent gas pressure drops, power outages, and air pollution during the winter.
The Gas Exporting Countries Forum (GECF) has expressed alarm about Israeli attacks against Iran in recent months, warning that such moves pose serious risks to global energy chain.
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts.
Saeed Tavakoli, CEO of the National Iranian Gas Company, confirmed to an Iranian news agency that the suspension of gas exports to Iraq was requested by the Iraqi side for maintenance purposes.
Tehran has further increased its oil prices for deliveries to private buyers in China despite a regime of Washington's sanctions that restrict normal exports, according to a report.
Iran’s state-run Pars Oil and Gas Company has announced that daily production from the South Pars field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector.
Gasoline prices in Iran have reached an unprecedented low of just three cents per liter, making it the second-cheapest in the world after Venezuela, an Iranian newspaper raised the alarm.
According to ISNA, none of the tanks or facilities at Iran’s Abadan refinery were damaged in the recent Israeli regime’s attack and refining operations and product output remain normal and stable.
Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.
Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
As the ultimatum set by Iran for Pakistan on the implementation of the so-called Peace Pipeline, looms, some experts have called on the new Iranian Administration of President Massoud Pezeshkian to seize the opportunity and revive the long-delayed deal.
An American official has stated that Washington would not advise any country, including Pakistan, of “considering business deals” with Iran, warning of “ramifications” such as sanctions.
The Islamic Revolution Guards Corps (IRGC) Navy announced that it has confiscated a tanker carrying over 700,000 liters of smuggled oil with the flag of Togo in the Persian Gulf.
