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.

IFP Exclusive

Capacity of Iran’s Bushehr Nuclear Power Plant to be tripled

IFP Editorial Staff -
Iran’s President Ebrahim Raeisi says the electricity production capacity of the Bushehr Nuclear Power Plant will be tripled.
IFP Exclusive

Iran to US, EU: End Sanctions to Help Address Global Energy Crisis

IFP Editorial Staff -
Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis.
IFP Exclusive

Cuba FM urges close cooperation with Iran against US sanctions

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amirabdollahian and his Cuban counterpart Bruno Rodriguez met Friday on the sidelines of the UN General Assembly in New York. Amirabdollahian and Rodriguez discussed bilateral ties, especially their trade cooperation.
IFP Exclusive

Iran FM: Tehran not to tie its economy to nuclear talks

IFP Editorial Staff -
As part of the meetings of Iran’s Foreign Minister on the sidelines of the UN General Assembly on Friday, Hossein Amirabdollahian and South African Minister of International Relations and Cooperation Naledi Pandor sat down for talks on bilateral relations.
IFP Exclusive

Armenian calls for Tehran-Yerevan cooperation in oil and gas

IFP Editorial Staff -
Iran’s Foreign Minister Hossein Amirabdollahian and his Armenian counterpart Ararat Mirzoyan have held talks on the sidelines of the UN General Assembly meeting in New York.
IFP Exclusive

Lebanese minister: Iran fuel broke US

IFP Editorial Staff -
The Lebanese minister of transportation has said the resistance movement Hezbollah’s fuel import from Iran broke the US siege of Lebanon.
IFP Exclusive

Iranian Fuel Convoys Arrive in Lebanon

IFP Editorial Staff -
Lebanese media have released footage showing convoys of Iranian fuel tankers arriving in the Arab country.
Energy

Iran to increase nuclear electricity generation capacity to 8MG

IFP Editorial Staff -
The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.
IFP Exclusive

Hezbollah Warns Israel, US against Harassing Lebanon-Bound Iranian Fuel Ship

IFP Editorial Staff -
Lebanon’s Hezbollah Movement says a shipment of Iranian fuel oil for Lebanon which will set sail on Thursday is considered the Lebanese territory from the moment it starts its journey.
IFP Exclusive

Fire at Petrochemical Facility in Southern Iran ‘Fully Contained’

IFP Editorial Staff -
The blaze raging through a petrochemical complex on Kharg Island off the southern Iranian coast has been fully contained, with no one being hurt.
IFP Exclusive

Raisi: OPEC Should Promote Member States’ Rights, Interests

IFP Editorial Staff -
Iranian President Ebrahim Raisi has called on the Organization of the Petroleum Exporting Countries to focus on the interests of member countries and take up a greater role in the global oil market.
IFP Exclusive

‘US JCPOA Pullout Costs Iran 2bn Barrels in Oil Exports Worth $120bn’

IFP Editorial Staff -
Iran’s oil minister says the US withdrawal from the 2015 nuclear deal in May 2018 deprived his country from exports of around two billion barrel of oil, worth some 120 billion dollars.
IFP Exclusive

Protest Rally Held in Downtown Tehran against Power Cuts

IFP Editorial Staff -
A number of shop owners at Aladdin and Charsou shopping malls in downtown Tehran have held a rally to protest power cuts at the renowned mobile markets.
Featured News

Iran Inaugurates Major Pipeline to Bypass Strait of Hormuz for Oil Exports

IFP Editorial Staff -
Iranian President Hassan Rouhani has officially inaugurated the first phase of the 1,000-kilometre oil pipeline connecting Goreh in the west of Persian Gulf to Jask in its east, making Iran independent of the Strait of Hormuz for oil exports.
IFP Exclusive

Solar Panels Distributed among Nomads in Southwest Iran

IFP Editorial Staff -
Authorities have distributed solar panels among nomads in the southwestern Iranian province of Chaharmahal and Bakhtiari.
IFP Exclusive

Iran Shuts Illegal Crypto Mining Fields amid Power Crisis

IFP Editorial Staff -
Iran’s Energy Minister says the police have discovered 3,600 illegal centres of cryptocurrency mining, which used 570 MW of the country's electricity.
IFP Exclusive

Blast in Oil and Gas Pipeline in Southern Iran Kills Three

IFP Editorial Staff -
An explosion in an oil and gas pipeline station at Fath-ul-Mobin region of Shush County in Iran's Khuzestan province has killed three people and injured four others.
IFP Exclusive

Iranian Oil Workers Go on Strike in Protest at Low Wages

IFP Editorial Staff -
Thousands of Iranians working in the country’s energy industry have gone on strike over the past week in protest at low wages.
IFP Exclusive

Iran’s Bushehr Nuclear Plant to Enter Circuit in Coming Days: Salehi

IFP Editorial Staff -
Iran's nuclear chief Ali Akbar Salehi says the Bushehr nuclear power plant, which was shut down temporarily last week, will be reconnected to the country's power grid in the coming days.
IFP Exclusive

Caracas: Iran’s Dispatch of Oil Tanker to Venezuela ‘Unforgettable’

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif and his Venezuelan counterpart Jorge Arreaza have discussed the latest status of bilateral ties as well as regional and international issues of mutual interest.
IFP Exclusive

Massive Fire Breaks Out at Tehran’s Oil Refinery

IFP Editorial Staff -
A massive fire has broken out at Tehran's Tondguyan oil refinery, creating a heavy black smoke in the south of the capital.
IFP Exclusive

Production of Every Single Bitcoin Turns Off Lights in 30,000 Homes: Iran

IFP Editorial Staff -
Iran’s Energy Minister Reza Ardakanian says the mining of cryptocurrencies must be regulated and punishment should be meted out to illegal miners, as the production of digital currencies consumes a lot of energy.
Finance

Iran to Buy 16m Doses of COVID-19 Vaccine Using Its Money Frozen in Iraq

IFP Editorial Staff -
Iraq has received the green light to pay $125 million in its debts to Iran for the purchase of 16 million doses of COVAX vaccines, Iran's energy minister said. The money has reportedly been transferred from Iraq's Trade Bank to a Swiss bank.
IFP Exclusive

Unlicensed Cryptocurrency Mining Main Cause of Iran’s Blackouts

Reza Khaasteh -
Iran’s Energy Ministry has blamed unlicensed cryptocurrency mining activities in the country for the recent power cuts, which have turned into a crisis for the Rouhani administration ahead of the June votes.
Selected

Iran Bans Cryptocurrency Mining Until Late September

IFP Editorial Staff -
The Iranian president has warned that it will be forbidden to mine digital currencies until the end of summer as it puts a huge burden on the national power grid.
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