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.

Iranian Cleric Bans Use of Oil Income to Meet State Expenses

A senior Iranian cleric says he believes it would be religiously not permissible to use oil revenues to meet “current and development expenses” in the country.

‘Iraq in Limbo to Choose between Iran, US’

An Iranian analyst says Iraq is now faced with a difficult choice between Iran and the US because the power balance it had created over the past years to establish ties with both sides is no longer feasible.

Rouhani to Launch Largest Water Project in Western Iran

The first phase of Iran’s biggest water and land resources development project will be launched soon by President Hassan Rouhani in Kurdistan and Kermanshah provinces, west of the country.

‘Trump’s Hostile Policies Boost Solidarity among Iranians’

Chief of Staff of the Iranian president says US President Donald Trump’s hostile measures against the Islamic Republic and the “maximum pressure” he is exerting on Iran will just increase the national unity of Iranian people.

Iran Says Not to Let Any Country Replace It in Oil Market

The Iranian Foreign Ministry spokesman has condemned the Saudi and Bahraini governments' support for the US sanctions imposed on Iran's oil exports, saying the Islamic Republic will not allow any country to replace it in the petroleum market.

US Plan to Cut Iran’s Oil Exports Down to Zero Not Feasible: DM

Iran’s Defence Minister says the inhumane goal of the American regime to cut Iran’s oil exports down to zero is not feasible, and the Islamic Republic of Iran preserves all rights to use defensive measures against the US economic terrorism.

Iraq Says to Keep Importing Iran’s Gas, Power despite US Bans

Iraq is set to maintain and even increase its natural gas and electricity imports from Iran to meet the extreme summer demand, defying the US’ move to stop issuing sanctions waivers for the countries that import energy from Iran.
Ayatollah Seyyed Ali Khamenei

Iran to Export as Much Oil as It Desires: Leader

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has downplayed the US’ refusal to renew sanctions waivers for the import of Iran’s crude oil, saying that the Islamic Republic will export petroleum as much as it wants.

Zarif Says Iran’s Military to Decide on Closing Strait of Hormuz

Iranian Foreign Minister Mohammad Javad Zarif says the country’s military will make the final decision on the option of closing the Strait of Hormuz, a highly important strategic location for global energy trade, in reaction to the US’ ban on the country’s oil exports.

Iran Says Its Oil Exports Will Never Plummet to Less than 1m Barrels

A senior Iranian lawmaker says despite the US decision to tighten its sanctions on Iran’s oil sector, the country’s oil exports will never decrease to less than one million barrels per day.

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