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

Zeroing Out Iran’s Oil Exports to Threaten Safety of Int’l Waterways: Rouhani

IFP Editorial Staff -
Iranian President Hassan Rouhani says international waterways will not be as safe as before if Iran’s oil exports are zeroed out.
IFP Exclusive

Iranian Oil Tanker Runs into Technical Problem in Red Sea

IFP Editorial Staff -
An Iranian oil tanker operated by the National Iranian Tanker Company (NITC) has experienced technical difficulties in the Red Sea.
IFP Exclusive

Iran’s Navy Says Ready to Escort ‘Adrian Darya’ Tanker

IFP Editorial Staff -
Iran’s Navy commander has voiced readiness for bringing the supertanker Adrian Darya back to home under naval escort after the government of Gibraltar released the Iranian vessel.
Media Wire

Iran Denies Renaming Grace-1 Tanker to Bypass Sanctions

IFP Media Wire -
Iran’s ambassador to the UK has rejected claims that Tehran renamed a tanker planned to depart from the British overseas territory of Gibraltar, where it has been detained since last month, to avoid US sanctions, saying the move was in line with international maritime rules.
Media Wire

US Issues Warrant to Seize Iranian Tanker Released by Gibraltar

IFP Media Wire -
The US Department of Justice (DOJ) has unveiled a warrant for the seizure of the Iran-operated Grace 1 supertanker a day after Gibraltar’s Supreme Court confirmed the release of the vessel.
IFP Exclusive

Grace-1 Tanker Renamed to ‘Adrian Darya’, Ready to Leave Gibraltar

IFP Editorial Staff -
The supertanker Grace-1 has been renamed to “Adrian Darya” and reflagged under the Iranian flag upon the ship owner’s request, a senior Iranian official said, as the vessel prepares to leave Gibraltar on Friday.
IFP Exclusive

Gibraltar Releases Iranian Tanker Grace 1: Official

IFP Editorial Staff -
The Iranian supertanker Grace-1 seized in Gibraltar has been finally released after almost 40 days, apparently as a goodwill gesture by the UK to secure the release of the British oil tanker Stena Impero impounded in Iran.
Media Wire

Iran Says Will Pump Oil from East of Hormuz Strait by 2021

IFP Media Wire -
Iranian officials say oil exports from the east of the Strait of Hormuz, where over 30 percent of the global seaborne oil traffic is handled, will be possible by early 2021 thanks to a major pipeline project which aims to pump crude to the eastern end of the waterway.
IFP Exclusive

Iranian Women to Get More Involved in Environment Start-ups

IFP Editorial Staff -
Expert Iranian women are to make their presence felt in the development of energy and environmental technologies and start-up programs.
Media Wire

Iraq Says Has Nothing to Do with Vessel Seized by Iran

IFP Media Wire -
Iraq’s oil ministry said on Sunday it has no connection with an oil tanker seized by Iran’s IRGC in the Persian Gulf for smuggling fuel, a report said.
IFP Exclusive

Nine Countries Willing to Buy Iranian Gasoline: Official

IFP Editorial Staff -
An energy official says the high-quality gasoline produced in Iran is so reasonably priced that nine neighbouring states are competing for a share of the fuel.
IFP Exclusive

UK Says Iran Must Be Allowed to Sell Its Oil

IFP Editorial Staff -
The United Kingdom’s Ambassador to Tehran Rob Macaire says the Islamic Republic must be allowed to sell its crude oil despite the US sanctions, and London supports the country in doing that.
Media Wire

Iran May Cut Imports from Brazil If Stranded Ships Not Refueled

IFP Media Wire -
Iran has asked Brazil to allow refueling of Iranian ships or have Tehran cancel imports worth about $2 billion a year from the Latin American country.
IFP Exclusive

Iran Bans Bitcoin Miners from Using Power during Peak Hours

IFP Editorial Staff -
Iran says Bitcoin and other cryptocurrency miners will be provided with three-phased timers which switch off during peak hours of electricity consumption.
Media Wire

Panama Confirms UAE Ship Seized by Iran Was Smuggling Fuel

IFP Media Wire -
Panama's maritime authority has confirmed that a tanker operating under the country's flag and seized by Iran in the Persian Gulf last week for smuggling fuel, was indeed in violation of international laws.
IFP Exclusive

Iran Thanks Saudis for Releasing Oil Tanker, Helping Injured Sailor

IFP Editorial Staff -
Iran’s Foreign Ministry spokesman has appreciated Saudi, Omani, and Swiss officials for their cooperation to secure the release of an Iranian oil tanker from Saudi Arabia’s Jeddah and the repatriation of an injured Iranian sailor who was hospitalized in the kingdom’s Jizan.
IFP Exclusive

Iranian MP: No Place for Oil in Next Year’s Budget

IFP Editorial Staff -
A senior Iranian lawmaker has unveiled plans to free the country’s budget in the coming year from the share of petrodollars.
IFP Exclusive

UK Tanker Seized by IRGC Had Collided with Fishing Vessel: Iran

IFP Editorial Staff -
Iran says the British-flagged Stena Impero oil tanker seized by IRGC forces in the Strait of Hormuz had collided with an Iranian fishing vessel but did not respond to the calls and warnings and had switched off its GPS locators.
IFP Exclusive

IRGC Navy Seizes ‘Foreign’ Tanker in Persian Gulf: State TV

IFP Editorial Staff -
The Islamic Revolution Guards Corps (IRGC) Navy says it has seized a foreign vessel carrying one million litres of smuggled fuel south of Larak Island in the Persian Gulf, the state TV announced Thursday.
IFP Exclusive

Iran Helps Foreign Oil Tanker in Distress after Receiving SOS Call

IFP Editorial Staff -
Iran has helped a foreign oil tanker in the Persian Gulf after picking up an SOS signal from the vessel.
IFP Exclusive

Nothing Would Stop Iran’s Oil Export, Zarif Tells Hunt

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif has made it clear for his UK counterpart that Tehran will keep on exporting oil under any conditions, urging London to secure the release of Iran’s oil tanker as soon as possible.
IFP Exclusive

UK Says to Release Iranian Oil Tanker If Not Destined for Syria

IFP Editorial Staff -
UK Foreign Secretary Jeremy Hunt says the release of an Iranian supertanker that his country has captured near Gibraltar would be conditional on a guarantee that the vessel will not go to Syria.
IFP Exclusive

Iran Denies Attempting to Stop British Oil Tanker in Persian Gulf

IFP Editorial Staff -
Iran’s Islamic Revolution Guards Corps, the IRGC, has denied the UK's claim that Iranian speedboats tried to seize a British oil Tanker in the Persian Gulf in reaction to the recent seizure of an Iranian supertanker in Gibraltar.
Media Wire

Chinese Bitcoin Miners Officially Ask for Permission to Work in Iran

IFP Media Wire -
Chinese cryptocurrency miners have officially requested to set up shop in Iran, taking advantage of cheap energy to power and cool their electricity-intensive servers.
IFP Exclusive

Swedish Ex-Leader Disputes UK Capture of Iranian Oil Tanker

IFP Editorial Staff -
A former prime minister of Sweden has questioned the legality of seizure of an Iranian oil tanker by the UK, stressing that the non-EU states are not subject to the European sanctions.
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