Energy

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.

Energy

Iranian officials join ‘Two Degrees Less’ campaign amid cold spell

IFP Editorial Staff -
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.
Energy

Iran’s oil minister elected as OPEC president for 2025

IFP Editorial Staff -
Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025.
Energy

US sanctions failed to crimp Iran’s oil supply: Chevron CEO

IFP Media Wire -
The executive of US oil giant Chevron, has stated that US sanctions on Iran have failed to remove the country’s oil supply from the markets.
Energy

Energy giants voice deep concern over Israel deliberate attacks on Iran

IFP Media Wire -
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.
Energy

Iran’s energy minister assures no blackouts amid supply boost

IFP Editorial Staff -
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.
Energy

Official: Iran gas exports to Iraq stopped at one point

IFP Editorial Staff -
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.
Energy

Iran further increases its oil prices for Chinese refiners: Report

IFP Media Wire -
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.
Energy

Iran says daily gas output from South Pars hit all-time high

IFP Media Wire -
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.
Energy

Iran’s oil output drops slightly in October: Report

IFP Media Wire -
Iran’s oil output fell slightly in October, according to figures by The Organization of the Petroleum Exporting Countries (OPEC).
Energy

Daily: Gasoline price in Iran hits ‘catastrophic’ lows of three cents per liter

IFP Editorial Staff -
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.
Energy

Iran’s Abadan refinery “unaffected” by Israeli regime’s attack

IFP Editorial Staff -
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.
Energy

Iran takes bold step to facilitate investment in its power plants

IFP Editorial Staff -
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.
Energy

OPEC data show Iran’s oil production keeps rising despite US sanctions

IFP Media Wire -
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).
Energy

Iran vice president slammed for saying subsidized gasoline price ‘unreasonable’

IFP Editorial Staff -
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.’
Views

Analyst: Reaching agreement with Pakistan over gas pipeline best option 

IFP Editorial Staff -
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.
Energy

US warns Pakistan of ‘ramifications’ over business agreements with Iran

IFP Media Wire -
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.
Energy

Iran’s daily gasoline use hits all-time record: Official

IFP Media Wire -
Daily gasoline use in Iran reached an all time high of 142 million liters on August 31, an official in the country’s Oil Ministry has announced.
Energy

IRGC says seized Togo-flagged tanker carrying smuggled fuel

IFP Media Wire -
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.
Energy

Iran says has defused Western sanctions on gas condensates exports

IFP Editorial Staff -
Iran’s oil minister says the country has rendered the US-led Western sanctions on gas condensates exports completely ineffective.
Economy

Iran’s non-oil trade hits $36bn over last four months

IFP Editorial Staff -
According to the Head of Iran's Customs Administration (IRICA), the country's non-oil foreign trade, comprising exports and imports, reached $36 billion during a four month period from 20 March to 21 July 2024.
Energy

Iran dismisses reports oil tankers involved in collision near Singapore carrying Iranian crude

IFP Editorial Staff -
The Iranian Oil Ministry in a statement on Saturday rejected reports that a large oil tanker that collided with a supertanker and caught fire off Singapore's coast was carrying Iranian crude oil.
Energy

Iranian youths’ ‘sacrificial effort’ save country from nationwide blackout

IFP Editorial Staff -
A leak in a turbine condenser knocked a power plan in the southern Iranian city of Ahwaz offline and caused power outage in large parts of the Khuzestan province that is experiencing an average temperate of nearly 50 degrees Celsius.
Energy

Iranian oil minister: Oil output raised to 3.6mn. bpd

IFP Media Wire -
Iran’s Oil Minister Javad Owji says the country’s outgoing administration has managed to increase crude production to 3.6 million barrels per day.
Energy

Iran and Turkmenistan sign gas swap deal to supply Turkmen gas to Iraq

IFP Editorial Staff -
Iran and Turkmenistan signed a gas swap agreement that will transfer Turkmen gas to Iraq through Iran.
Energy

Iran 4th largest OPEC oil exporter: Report

IFP Media Wire -
Tehran has become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales, according to a report.
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