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.
Iran’s oil minister says Tehran is going to remain a member of the Organization for Petroleum Exporting Countries (OPEC) even though some members have joined the United States in using oil as a weapon to put pressure on Iran as one of the founders of the organization.
A senior Iranian commander has dismissed the United States’ aggressive posturing against Iran, reasoning that any potential confrontation in the Persian Gulf would instantly increase oil prices to over 100 dollars per barrel, something that Washington and its allies would not be able to endure.
President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo sent a message to his Iranian counterpart, Hassan Rouhani, inviting him to participate in the Gas Exporting Countries Forum (GECF) 2019 meeting due to be held in the African country in November.
Seven drones run by Yemeni armed forces have reportedly carried out attacks against vital Saudi facilities in response to the Riyadh regime’s ongoing acts of aggression against Yemeni people.
Iran's foreign minister has described the recent vessel explosions near the Emirati port city of Fujairah as ‘suspicious’, saying such moves in the Middle East are aimed at provoking tension in the region.
Iran's Foreign Ministry spokesman has rejected a report by Reuters regarding the country's condition for staying in the Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).
The United Arab Emirates’ Foreign Ministry has confirmed that a number of vessels have been targeted by “sabotage operations” near the territorial waters of the Emirati port of Fujairah.
Pakistani Prime Minister Imran Khan says his country is keen to complete the construction of a much-delayed pipeline designed for receiving Iran’s natural gas, weeks after he paid a visit to the neighboring state.
Iran’s Ambassador to London says the US will grant waivers to Iraq for economic cooperation with the Islamic Republic if Baghdad signs an oil deal with the US.
Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo says it is not possible to exclude Iran from the oil market.
Iranian Minister of Petroleum Bijan Zangeneh says a US bid to cut Iran’s oil exports to zero is a “pious hope,” warning countries using oil as a weapon about repercussions of further volatility in the global market.
Iran plans to construct a power plant in the central province of Markazi that would be the biggest in the Middle East in terms of generating electricity, a lawmaker announced.
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.
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.
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.
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.
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.
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.
