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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.

Japan Begins Importing Oil from Iran: CBI Governor

Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.

Int’l Energy Exhibition to Start in Iran’s Persian Gulf Island

The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.

Every Day Several Clients Ask to Buy Iran’s Oil: Official

Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.

Iran Reliable Supplier of Oil for India: FM Zarif

Iran’s foreign minister says the country has always been, and will remain a reliable supplier of petroleum for India.

France Stops Oil Imports from Iran

France as one of the signatories to the nuclear deal, which had promised to protect Iran's foreign trade against US sanctions along with two European countries of Germany and the UK, has stopped oil imports from Iran in September before oil sanctions come into force.

Iran to Continue Exporting Electricity to Iraq: Energy Minister

Iranian Energy Minister Reza Ardakanian says the Islamic Republic will keep up exporting electricity to Iraq to satisfy vital needs of the neighbouring nation.
Iran's Oil Minister Bijan Zanganeh

Iran to Hold 3rd Round of Direct Oil Sales Next Week: Minister

Iran's Oil Minister Bijan Zanganeh says the third round of direct sale of oil to non-government traders through oil bourse may be held next week.

Iran Oil Revenues Decreased 28 Percent in New Budget Proposal

The state budget for the new Iranian year starting on March 21 assumes $21 billion of oil revenues, about 28 percent lower than this year's budget, Government spokesman Mohammad Reza Nobakht has said.

India Continues to Buy Oil from Iran: Envoy

India’s ambassador to the Islamic Republic of Iran says Indian oil imports from Iran has not been cut off and will continue.

Huge Oil, Gas Reserves Discovered in North-West of Iran

Iran is currently scouring 60 percent of its total area for new oil and gas reserves, including in places which were deemed until recently the least likely to have hydrocarbon-bearing formations.

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