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.
Yemen's military has warned foreigners in Saudi Arabia to leave Aramco's oil processing plants, saying they are still a target and can be attacked "at any moment."
An informed Saudi source says the damages inflicted on the Aramco oil facilities in the recent Yemeni drone attacks are so massive that it is not clear when the country's oil output can return to normal.
Iran has launched a scheme to explore and use new undersea gas reserves in the Persian Gulf, considering an inevitable drop of pressure at the giant South Pars gas field, shared with Qatar.
Hawkish American Senator Lindsey Graham has says the US should mull bombing Iranian oil refineries if Tehran continues boosting its nuclear enrichment to higher grades.
Several drones flown by Yemen’s Ansarullah movement have set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia in retaliation for the Riyadh-led attacks on Yemen.
A top Iranian diplomat says the country’s implementation of its commitments under the 2015 nuclear deal is possible only if Iran’s oil sales and its access to the revenues are guaranteed by the European parties.
Iran’s Deputy Foreign Minister for Political Affairs Seyyed Abbas Araqchi says the US has shown some "flexibility" regarding the easing of Iran oil sanctions during a recent meeting with the French president.
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.
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.
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.
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.
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.
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.
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.
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.
