Energy

Iran Energy News

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.

Tehran Denies Reports of Selling Oil through Russia

Iran’s oil minister has denied reports that Tehran is selling its petroleum through Russia in a bid to bypass the US sanctions.

Iran Starts Direct Sale of Crude Oil through Energy Bourse

Iran has started supplying its crude oil to the private sector through its energy bourse, a local market which provides Iranian and foreign tradesmen with a chance to purchase Iran’s crude oil and export it to the international markets.

Iranian Researchers Use Chicken Fat to Produce Biodiesel

A group of Iranian researchers have developed the knowhow to produce biodiesel out of chicken fat.

Saudi Admits It Can’t Compensate for Iran’s Oil after US Sanctions

Saudi energy minister says his country would not be able to compensate for possible oil disappearance from global markets once the US re-imposes its sanctions against Iran.

110 European Firms Ready for Oil Cooperation with Iran: Official

At least 110 small and medium-sized European firms have expressed their readiness to establish cooperation with the Islamic Republic of Iran in various areas of oil industry, an Iranian official says.

US Can’t Reduce Oil Price by Bullying Others: Iran

Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.

Iran, Russia Agree to Increase Oil Output by 1m bpd

Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.
Iran Oil

“Iran Finds New Oil Clients ahead of US Sanctions”

Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.

US Exempts Iran-UK Joint Gasfield from Its Sanctions

The US administration has beaten its first retreat on planned sanctions against Iran, allowing a gasfield partly owned by the Islamic Republic in the North Sea to keep operating.
Zanganeh

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.

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