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

DM Says Iran Not to Tolerate UK’s Maritime Piracy

IFP Editorial Staff -
Iranian Defence Minister Brigadier General Amir Hatami has lashed out at the United Kingdom for illegally seizing an Iranian oil tanker in Gibraltar, saying the country will not tolerate London’s “maritime piracy”.
Media Wire

Iran Weighing Plan to Collect Toll from Ships at Hormuz Strait

IFP Media Wire -
A senior member of the Iranian parliament has shared more details of a plan to collect tolls from foreign ships passing through the Strait of Hormuz in the Persian Gulf.
Media Wire

UK Seizure of Iran Tanker: Outright Theft with No Legal Justification

IFP Media Wire -
Seizing the oil tanker Grace 1 is a new event that has heated up the tension between Iran and the United States, but it can also be related to the current disagreements between United Kingdom and the European Union.
IFP Exclusive

Oil Tanker Seized by UK Not Bound for Syria: Iran

IFP Editorial Staff -
Iran says the supertanker carrying its oil sailing in international waters in the Strait of Gibraltar was not bound for Syria, and the UK was not allowed to seize it.
IFP Exclusive

Sources in Iran Deny Reports of Seizing UK Oil Tanker

IFP Editorial Staff -
Informed sources in Iran have dismissed the fabricated news of the seizure of a British oil tanker in the Persian Gulf, IRIB News Agency reported.
IFP Exclusive

Bitcoin Mining in Iran Must Be Regularized: Minister

IFP Editorial Staff -
Iran’s Minister of Information and Communications Technology Mohammad Javad Azari Jahromi has highlighted the potentialities of crypto-currency mining, calling for the regularization of the business in Iran given the recent reports of bitcoin miners’ use of Iran’s cheap power.
Media Wire

‘Iran Must Seize UK Oil Vessel If Tanker Not Released’

IFP Media Wire -
A senior Iranian official has called for the seizure of a British oil tanker in case London refuses to release the Iranian vessel it has illegally detained in Gibraltar.
IFP Exclusive

Saudi Arabia Demanding ‘Ransom’ to Let Iran Ship Go

IFP Editorial Staff -
Iran says Saudi Arabia is refusing to allow an Iranian oil tanker leave the port of Jeddah, demanding what it calls 'ransom money'.
Media Wire

Iran Says Exempted from OPEC Output Cut Deal

IFP Media Wire -
Iranian Oil Minister Bijan Namdar Zanganeh hailed a Tuesday meeting of the Organization of the Petroleum Exporting Countries (OPEC) as “good” and said the Islamic Republic was again exempted from the oil output restrictions.
IFP Exclusive

Oil Minister: INSTEX Must Provide Iran’s Petrodollars

IFP Editorial Staff -
The financial channel that the European parties to the 2015 Iran nuclear deal have set up to maintain trade with Iran, known as INSTEX, would be pretty useless if it does not supply Iran with its petrodollars, the country’s oil minister has said.
IFP Exclusive

Crypto Mining with Industrial Electricity Is Illegal: Iranian Speaker

IFP Editorial Staff -
It is illegal in Iran to use the subsidized electricity available to the industrial businesses for running cryptocurrency mining machines, Parliament Speaker Ali Larijani announced.
IFP Exclusive

‘INSTEX Implemented Too Late, Can’t Secure Iran’s Interests’

IFP Editorial Staff -
An Iranian lawmaker says the INSTEX, the European financial mechanism aimed at keeping economic ties with Iran normal amid the US sanctions, does not meet Iran’s interests as it is being implemented too late.
IFP Exclusive

Iran’s Oil Exports on Rise Despite US Sanctions: Official

IFP Editorial Staff -
The Governor of the Central Bank of Iran says the Islamic Republic has successfully conquered the peak of resistance and the exports of Iran’s oil is on the rise despite the US bid to bring them down to zero.
Media Wire

Iran’s Power Generation Rises despite US Sanctions

IFP Media Wire -
Iran next week will add 1,300 megawatts of new power capacity to its national grid which is under strain from runaway demand driven up by sizzling summer temperatures.
Media Wire

Iran Dismisses Reports of Drop in Oil Sales

IFP Media Wire -
The oil minister of Iran quashed rumors about a slump in the country’s oil sales.
IFP Exclusive

Iranian Teacher Selling Solar Energy to Support Poor Kids

IFP Editorial Staff -
A teacher in Sistan and Baluchistan province in south-east of Iran has begun to work on electricity production to help the needy schoolchildren.
IFP Exclusive

Scientists Generate Clean Energy Using Water Molecule

IFP Editorial Staff -
Iranian researchers have managed to produce clean energy and electricity through the use of H2 that exists in the water molecule.
IFP Exclusive

Purchase of Iran’s Oil Not Guaranteed by Europe: Minister

IFP Editorial Staff -
Iran’s Oil Minister Bijan Namdar Zanganeh has said that the European states have not still guaranteed the purchase of Iranian oil amid the US sanctions on the Islamic Republic’s oil industry.
IFP Exclusive

Selling Oil Today More Difficult than in Wartime: Iran

IFP Editorial Staff -
Iranian Oil Minister Bijan Zanganeh says today's conditions are harder than those of the wartime, because at the time of war Iran did not have problem in oil exports.
IFP Exclusive

Iran, Russia Sign 8 MoUs in Isfahan

IFP Editorial Staff -
Eight cooperation agreements have been signed by representatives of Iran and Isfahan during a ceremony attended by Iran's Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak.
IFP Exclusive

Iran Proposes New Date for OPEC Meeting

IFP Editorial Staff -
Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.
Media Wire

‘Russia Still Interested in Making Energy Investment in Iran’

IFP Media Wire -
Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin have discussed expansion of business ties between the two states in a range of fields, particularly in the energy sector, despite Washington's unilateral sanctions.
IFP Exclusive

Two Supertankers Carrying Crude Oil Targeted in Sea of Oman

IFP Editorial Staff -
Two super oil tankers carrying crude from the Persian Gulf region have reportedly been targeted in the Sea of Oman.
IFP Exclusive

Abe’s Tehran Visit Reminiscent of Japan’s Historic Bypass of UK Bans

IFP Editorial Staff -
The visit of Japanese Prime Minister Shinzo Abe to Tehran amid the current heightened tensions in Iran-US relations serves as a reminder of a historic move by Japan’s government in the years after the World War II to circumvent the brutal sanctions imposed by the Great Britain on Iran’s national oil industry, an op-ed by Iranian newspaper Shargh said.
IFP Exclusive

Iran Contains Fire at South Pars Gas Field

IFP Editorial Staff -
Iranian firefighters have managed to contain a fire that engulfed the 9th platform of South Pars Gas Field, the world's biggest natural gas field, located in the Persian Gulf.
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