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 Foreign Minister Hossein Amir Abdollahian has told his Norwegian counterpart Ms. Anniken Huitfeldt that Tehran is ready to expand ties with Oslo in several areas, especially oil and gas.
OPEC+ will work to integrate Tehran into its oil supply-limiting accord if an agreement is made in the Vienna talks over reviving the Iran nuclear deal, sources close to the group says.
The Iranian Petroleum Ministry has dismissed rumors of China’s military deployment to Iran to protect its energy projects there, saying such claims could be a reaction to Tehran’s gains from enhanced economic ties with Beijing.
Oil prices extended losses on Friday, heading for a weekly fall, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible supply disruption arising from a Russian invasion of Ukraine.
An informed source in Iran’s Oil Ministry says Iraq and Qatar are going to discuss bilateral cooperation in gas swap, adoption of a common position in world markets and formation of a joint South Pars study working group.
The Iranian Central Bank has confirmed reports that an Iranian delegation has recently visited South Korea for talks over Iran’s frozen assets in the southeast Asian country.
Japan's oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end.
An Iranian university professor and economic expert says Iran will not be able to benefit from the Ukraine crisis to increase its gas exports and that the Russians will not easily allow Iran to enter Europe’s gas market.
OPEC’s latest report shows Iran's crude production last year increased 21% compared with 2020 despite stringent sanctions imposed and strictly enforced by the United States.
Oil prices hit their highest in more than seven years on Monday. A possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from the world's top producer in an already tight market.
Iranian knowledge-based companies have managed to unlock the software managing pressure of natural gas at Nar and Kangan gas field in the south of the country, raising the production level.
Iran’s petroleum minister says the country is working to promote its oil refineries in terms of both quality and quantity in an effort to decrease the volume of exports in the form crude oil.
The 15th Iran Plast exhibition, the largest specialized expo on polymers in the Middle East, has opened in the Iranian capital Tehran in a ceremony with the presence of Oil Minister Javad Owji.
An Iranian supertanker carrying about 2 million barrels of condensate began discharging at Venezuelan state-run oil company PDVSA's main oil port, according to a company document and tanker tracking services.
Kremlin spokesman Dmitry Peskov stated that UK's plans to target Russia with sanctions are not legitimate. He noted any such aggression will bring about countermeasures from Moscow.
Iranian Oil Minister Javad Ouji has said on his Twitter account that Iran and Russia are two key players in the global energy arena and there are many potential areas for cooperation between the two countries.
Turkish President Recep Tayyip Erdogan says he has discussed the recent disruption in supply of Iranian natural gas to his country with his Iranian counterpart Ebrahim Raisi and that the problem will be solved in the near future.
The Director of the Atomic Energy Organization of Iran says the country will be producing 10,000 MW of nuclear power next year and plans to increase the production to 17,000 MG in 20 years.
