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.
Saudi Arabia may agree to boost oil production to cool skyrocketing prices if Russia’s output falls significantly under the new EU sanctions, according to a report.
The top judiciary office in Iran’s southern province of Hormozgan says a vessel carrying over 106,000 liters of diesel has been seized near the southern Island of Qeshm, for smuggling fuel.
Tehran and Moscow have signed three major memoranda of understanding (MoU) to expand bilateral cooperation in the fields of energy and banking, Iran’s Oil Minister Javad Owji says.
Iran and Oman have agreed to revive a deal for natural gas exports to the latter and jointly develop Hengam natural gas field in the Strait of Hormuz in the Persia Gulf.
The top Iranian diplomat described the energy and transportation sectors as two major pillars for expansion of economic cooperation between Iran and Azerbaijan Republic.
The Iranian oil minister says it will take time for Russia to find customers for its crude given the tough sanctions imposed on its energy sector by the West, despite the discounts that Moscow offers in the sales.
The head of a major Iranian energy union warns that Russia appears to be taking over Iran’s share of the Chinese oil market, saying that Tehran should, in return, try to take the place of Moscow in the European market to prevent a decline in its crude sales.
Iran’s Ambassador to Kuwait says Tehran has officially invited the Arab neighbor to resume negotiations on the dispute over the joint Arash natural gas field in the Persian Gulf.
Iranian Oil Minister Javad Owji signed eight major cooperation agreements with Venezuela and Nicaragua during his recent Latin America tour, according to a report published by the local media.
An official with the National Iranian Oil Company (NIOC) says the gas production capacity at Phase 11 of South Pars, a major natural-gas condensate field in the Persian Gulf, will reach 14 million cubic meters (mcm) per day by the end of this Persian calendar year.
Iranian Oil Minister Javad Oji has held talks with Venezuelan President Nicolas Maudro over ways of neutering the US sanctions against the two countries.
Iran’s Oil Minister Javad Oji says the country has signed 28 contracts worth one billion euros (1.065 billion dollars) to end flare burning at its industrial plants.
The naval forces of Iran’s Islamic Revolution Guards Corps (IRGC) have seized a foreign-flagged tanker carrying 200,000 liters of smuggled fuel in the Persian Gulf.
Iraq’s Prime Minister Mustafa al-Kadhimi has assigned a working group to make necessary coordination to resolve technical problems of Iraqi power plants that work with Iranian gas.
Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years.
Iran’s Minister of Energy Ali Akbar Mehrabian says the ministry has increased 1,000 megawatts of electricity to the capacity of the country’s power plants through using knowledge-based techniques and without consuming additional fuel and allocating an extra budget for this purpose.
Iran says it will launch a plan to develop the Arash natural gas field shared with Kuwait and Saudi Arabia in the near future, after the pair agreed to begin development activities in the offshore reservoir without Tehran.
