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

Iran Building 11 Rubber Dams

IFP Editorial Staff -
Iran’s Minister of Energy Reza Ardakanian says 11 rubber dams are under construction across the country with the purpose of protecting the environment, particularly in the northern provinces.
IFP Exclusive

INSTEX of No Use If Oil Revenues Not Secured: Iran

IFP Editorial Staff -
Governor of Iran's central bank says as long as the Europeans do not buy Iran’s oil and Tehran does not receive the oil revenues, the European financial mechanism known as INSTEX will be of no use.
IFP Exclusive

Researchers Remove Sulfur from Petrol to Decrease Air Pollution

IFP Editorial Staff -
Iranian researchers at the University of Isfahan have conducted a study on removing sulfur from petroleum compounds, as a major step towards better automotive performance.
IFP Exclusive

Iran Builds Ultra-Cold Tanks to Store Refined Oil

IFP Editorial Staff -
A group of Iranian researchers have manufactured ultra-cold tanks used to store refined oil and its derivatives after purification.
IFP Exclusive

Kyrgyzstan Eyes Oil Imports from Iran

IFP Editorial Staff -
Minister of Transport and Roads of the Kyrgyz Republic has voiced his country’s willingness to import oil from Iran and export foodstuffs to the Islamic Republic.
IFP Exclusive

Iran Urges Closer Cooperation among Gas Producing Countries

IFP Editorial Staff -
The fifth summit of the Gas Exporting Countries Forum (GECF) was recently held in Equatorial Guinea.
IFP Exclusive

Economist Explains Reasons for Advocating Fuel Rationing in Iran

IFP Editorial Staff -
One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.
Media Wire

Operation Underway to Stop Leak Off Iranian Rig

IFP Media Wire -
Iranian authorities say a major leak that has taken place off an oil rig in the Persian Gulf waters is being contained as they insist more work would be needed to stanch the expanding spill.
IFP Exclusive

Iran Foils Enemy’s Plot to Launch Major Attack on Its Oil Pipelines

IFP Editorial Staff -
Iran says it has managed to foil the enemies' plot to blow up the country’s oil pipelines in Asalouyeh, apparently hatched in retaliation for Yemeni forces’ September attack on Saudi Arabia’s Aramco oil facilities.
IFP Exclusive

Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

IFP Editorial Staff -
A senior Iranian official says cash subsidies to improve the Iranian people’s livelihoods have been paid to some 60 million citizens in the past few days after gasoline prices were tripled.
IFP Exclusive

President, Speaker, Judiciary Chief Hold Meeting on Fuel Price Hikes

IFP Editorial Staff -
The recent decision to triple the fuel prices, which has caused sporadic protests across the country, was discussed on Saturday in a meeting of the Supreme Council of Economic Coordination.
IFP Exclusive

Demonstrators Take to Streets to Protest Fuel Price Hike in Iran

IFP Editorial Staff -
Sporadic protests have erupted in various Iranian cities on Saturday one day after gasoline prices were tripled without any earlier announcement.
Media Wire

Iran Substantially Raises Gasoline Prices

IFP Media Wire -
Iran has begun rationing on the purchase of gasoline and substantially increased the price of fuel in a move to assist the needy.
IFP Exclusive

Iran Oil Minister Gives Details of Newly-Discovered Oilfield

IFP Editorial Staff -
The Namavaran oilfield recently discovered in Khuzestan Province, south-west of Iran, is the country's second largest reservoir, Iranian Minister of Petroleum Bijan Namdar Zangeneh said.
IFP Exclusive

New Large Oil Field Discovered in Iran: President Rouhani

IFP Editorial Staff -
The Iranian president says a large new oil field with proven reserves of 53 billion barrels of crude has been discovered in the country.
IFP Exclusive

Iran, Armenia Discuss Energy Trade

IFP Editorial Staff -
The Oil Minister of the Islamic Republic of Iran and the Republic of Armenia’s Minister of Territorial Administration and Infrastructures discussed the exchange of natural gas and electricity between the two neighbors.
IFP Exclusive

Iran to Export Electricity to Syria Through Iraq: Minister

IFP Editorial Staff -
Iran’s energy minister says Tehran and Damascus are working on a framework for long-term cooperation in the electricity sector, including a plan to export Iran's power to the Arab country through Iraq.
IFP Exclusive

Iran, Iraq Connect National Electricity Grids

IFP Editorial Staff -
Iran and Iraq have connected their national electricity grids in a ceremony with the participation of the Islamic Republic’s energy minister and the Iraqi deputy minister of electricity.
IFP Exclusive

Iran to Use Vegetation to Clean Oil-Contaminated Areas

IFP Editorial Staff -
Researchers at the University of Tehran have managed to identify and introduce native plants that can be used in refining the contaminated soil of oil-rich Gachsaran County in southern Iran.
IFP Exclusive

Iran Says Ready to Build Power Plants in Azerbaijan

IFP Editorial Staff -
Iran's President Hassan Rouhani has held talks on a wide range of issues with his Azeri counterpart Ilham Aliyev in Baku.
IFP Exclusive

Iran’s Power Export to Iraq Hits Record High: Energy Minister

IFP Editorial Staff -
Iran’s energy minister says the country’s electricity export to the neighbouring countries especially Iraq has reached a record-high level.
IFP Exclusive

New Gas Field Discovered in Southern Iran

IFP Editorial Staff -
Iran has discovered a new gas field, called Eram, in the southern part of Fars province.
IFP Exclusive

Iran Planning to Use Nanotechnology in Petroleum Industry

IFP Editorial Staff -
Iran’s Vice Presidency for Science and Technology has signed a Memorandum of Understanding with the Ministry of Petroleum for the purpose of using nanotechnology-based products and services in the country’s petroleum industry in order to meet the needs of the industry.
IFP Exclusive

‘Iranian Oil Tanker Struck in Red Sea to Arrive Home within Days’

IFP Editorial Staff -
Iran says that its oil tanker hit by two missiles on Friday morning in the Red Sea near the Saudi port city of Jeddah is on the way back home and would arrive in Iran within 9 or 10 days.
IFP Exclusive

Iran Vows to Retaliate Evil Acts in International Waters

IFP Editorial Staff -
Iran’s top security official has slammed as “piracy” the recent attack on an Iranian oil tanker in the Red Sea, saying evil acts in international waters will not go unanswered.
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