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

Venezuelan Armed Forces Escort Second Iranian Tanker

IFP Editorial Staff -
After escorting the first Iranian tanker Fortune, the Venezuelan army has released footage of escorting the second vessel, named Forest, carrying gasoline to the fuel-starved country.
IFP Exclusive

Second Iranian Oil Tanker Enters Venezuelan Waters

IFP Editorial Staff -
The second Iranian oil tanker, named Forest, has entered the Venezuelan waters to deliver its much-needer gasoline cargo.
IFP Exclusive

Iran Warns US against Interference with Its Fuel Transfer to Venezuela

IFP Editorial Staff -
Iran has warned the United States against any interference with the transfer of fuel by Iranian tankers to Venezuela.
IFP Exclusive

Iran’s Trade with Venezuela Has Nothing to Do with Anyone Else: Spokesman

IFP Editorial Staff -
Iran's government spokesman Ali Rabiei says the country's trade ties with Venezuela have nothing to do with any other country.
IFP Exclusive

‘US Sends 4 Warships to Caribbean for Possible Encounter with Iran Tankers’

IFP Editorial Staff -
The US Navy has sent its P8-Poseidon patrol aircraft from the VP-26 Tridents as well as four warships to the Caribbean region for possible encounter with a group of Iranian super-tankers moving fuel to Venezuela, a report says.
IFP Exclusive

250 Major Energy Projects to Be Launched across Iran by Year-End

IFP Editorial Staff -
Iranian Energy Minister says 250 key water and electricity projects worth about $12 billion will get under way this year.
IFP Exclusive

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

IFP Editorial Staff -
Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.
IFP Exclusive

COVID-19 Punishes Those Who Sanctioned Iran’s Oil: First VP

IFP Editorial Staff -
Iran’s First Vice President says the coronavirus took severe revenge on the countries that sought to harm the Islamic Republic by imposing sanctions on the Iranian oil.
IFP Exclusive

Time to Wean Global Economy Off Oil Earnings: Analyst

IFP Editorial Staff -
An analyst says recent developments indicate the world economy will no longer be dependent on oil revenues in the future.
IFP Exclusive

Resolving Oil Market Issues Requires Global Cooperation: Iran Minister

IFP Editorial Staff -
Iranian oil minister says the OPEC alone cannot solve the problem of the oil market, noting that resolution of the oil market issues requires global cooperation.
IFP Exclusive

Iran’s Largest Hydro Power Plant to Be Built in Yazd with Foreign Investment

IFP Editorial Staff -
Iran’s largest hydro power plant will be constructed in central Yazd province with foreign investment.
IFP Exclusive

Sanctions Kept Iran Fit for Oil Price Drop, VP Says

IFP Editorial Staff -
The dramatic plunge in oil prices would not have a huge impact on Iran’s economy, since the country was already prepared for such conditions under the pressure of American sanctions, First Vice President Es’haq Jahangiri says.
IFP Exclusive

Tehran, Doha Agree to Work Together in Energy, Investment Domains

IFP Editorial Staff -
Iran and Qatar have agreed to work together in the fields of energy and investment, and to seriously pursue mutual economic cooperation after the fallout from the coronavirus pandemic is over.
IFP Exclusive

President Inaugurates Major Energy Projects in Tehran Province

IFP Editorial Staff -
President of the Islamic Republic of Iran Hassan Rouhani has inaugurated a number of water and electricity projects in the province of Tehran, in which a total of 2.8 trillion tomans has been made in investment.
IFP Exclusive

US Imperialism More Perilous than Coronavirus: Rouhani

IFP Editorial Staff -
Iran’s president says the US imperialism is a more dangerous virus than the novel coronavirus for human society.
IFP Exclusive

Iran Exempted from OPEC+ Output Cut Deal: Minister

IFP Editorial Staff -
The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.
IFP Exclusive

Oil Price Falls Most since 1991 War, Plunges to $31

IFP Editorial Staff -
Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.
Energy

Iran Says OPEC’s Friday Meeting among Its ‘Worst Ever’

IFP Editorial Staff -
Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
IFP Exclusive

Iranian Firm Manufactures Smart Electricity Metres

IFP Editorial Staff -
An Iranian knowledge-based company has managed to produce energy metres that are on a par with European counterparts in terms of quality, but at a much lower price.
IFP Exclusive

Iran 95% Self-Sufficient in Electricity Equipment

IFP Editorial Staff -
Iran Parliament Speaker Ali Larijani says the country’s Ministry of Energy has succeeded in producing 95% of the equipment required for the power industry inside the country.
Media Wire

IRGC Installs Last Platform in South Pars Phase 14

IFP Media Wire -
The last platform of Phase 14 of Iran’s giant South Pars gas field was held in place by Iranian technicians on Saturday.
IFP Exclusive

Iran’s Petropars Developing South Pars Gas Field Alone

IFP Editorial Staff -
Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.
IFP Exclusive

Iran to Open Pavilion at Omani Energy Exhibition

IFP Editorial Staff -
The knowledge-based companies from the Islamic Republic of Iran are going to take part in the Oman Petroleum & Energy Show (OPES) in March 2020.
IFP Exclusive

Iran to Electrify Motorcycles to Reduce Air Pollution: Minister

IFP Editorial Staff -
Iran’s energy minister says the country plans to electrify motorcycles in metropolises as part of a technical-economic program to reduce air pollution.
IFP Exclusive

Rouhani Visits Exhibition of Iran’s Petrochemical Achievements

IFP Editorial Staff -
Iranian President Hassan Rouhani has toured the country’s latest products, findings, technologies and achievements in the field of petro-chemistry in a visit to an exhibition held in Tehran.
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