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.

Media Wire

Saudi Admits It Can’t Compensate for Iran’s Oil after US Sanctions

IFP Media Wire -
Saudi energy minister says his country would not be able to compensate for possible oil disappearance from global markets once the US re-imposes its sanctions against Iran.
IFP Exclusive

110 European Firms Ready for Oil Cooperation with Iran: Official

IFP Editorial Staff -
At least 110 small and medium-sized European firms have expressed their readiness to establish cooperation with the Islamic Republic of Iran in various areas of oil industry, an Iranian official says.
IFP Exclusive

US Can’t Reduce Oil Price by Bullying Others: Iran

IFP Editorial Staff -
Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.
IFP Exclusive

Iran, Russia Agree to Increase Oil Output by 1m bpd

IFP Editorial Staff -
Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.
IFP Exclusive

“Iran Finds New Oil Clients ahead of US Sanctions”

IFP Editorial Staff -
Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.
Media Wire

US Exempts Iran-UK Joint Gasfield from Its Sanctions

IFP Media Wire -
The US administration has beaten its first retreat on planned sanctions against Iran, allowing a gasfield partly owned by the Islamic Republic in the North Sea to keep operating.
Media Wire

Neither Saudis, nor Others Can Replace Iran’s Oil: Minister

IFP Media Wire -
Iran's Minister of Petroleum Bijan Zangeneh dismisses the rhetoric by the Saudi crown prince about Riyadh's capability to replace sanctions-hit Iranian oil, saying that the global market will never believe such claims.
Media Wire

Recent Rise in Oil Prices Offsets US Sanctions: Iran

IFP Media Wire -
A senior Iranian official says the recent rise in oil prices has offset the impact of US sanctions on Iran’s oil exports, with the country’s oil revenues up 16 percent in the past six months.
IFP Exclusive

“Drop in Oil Prices Hinges on Removal of US Sanctions on Iran”

IFP Editorial Staff -
Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.
IFP Exclusive

Iran’s Underground River to Help Ease Water Problems

IFP Editorial Staff -
A lawmaker says Iran’s energy ministry and vice presidency for science and technology are carrying out a project in Iran’s south-eastern province of Sistan and Baluchestan to ease the region's water problems using an underground river.
IFP Exclusive

Iran, EU on Verge of Oil Deal in Defiance of US Bans: Zarif

IFP Editorial Staff -
Iranian Foreign Minister Mohammad Javad Zarif says Tehran is closing in on a deal to sell oil to European nations despite the US threats of sanctions against any countries that do business with Iran.
Media Wire

Iran’s Hails OPEC’s Decision to Reject Trump’s Call for Output Hike

IFP Media Wire -
Iranian minister of petroleum has welcomed OPEC's decision effectively rebuffing President Donald Trump’s calls for a hike in oil output, saying US dream to zero Iran's oil exports would not realize.
IFP Exclusive

Oil Prices to Go Down If Trump Keeps Quiet: Iran

IFP Editorial Staff -
Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.
Media Wire

Iran Raps Trump’s Pressure on Oil Pruducers to Boost Output

IFP Media Wire -
Iran has criticized the United States of pressuring oil producers of the Persian Gulf region to increase their output, expressing hope that member states of the Organization of the Petroleum Exporting Countries (OPEC) would not yield to “orders” by US President Donald Trump to turn the taps on.
Media Wire

Iran President, Japan PM to Discuss US Sanctions in New York

IFP Media Wire -
Japanese Prime Minister Shinzo Abe is planning to hold talks with Iranian President Hassan Rouhani later this month in New York following the reinstatement of sanctions against the Middle Eastern country by the United States, a Japanese government source said.
Media Wire

Russia Says US’ Bid to Cut Iran’s Oil Exports to Zero Not Feasible

IFP Media Wire -
Russian Deputy Foreign Minister Sergei Ryabkov said he believes it is not possible for the “unrealistic” US to bring down Iran’s oil export to zero, as Washington is almost isolated internationally on this particular issue.
IFP Exclusive

“US Claim of Bringing Iran’s Oil Sales to Zero Just Nonsense”

IFP Editorial Staff -
A senior Iranian official says the United States’ claim that it will bring Iran’s petroleum sales to zero is just nonsense.
IFP Exclusive

Rouhani Inaugurates Three Petchem Projects in Southern Iran

IFP Editorial Staff -
Iranian President Hassan Rouhani on Tuesday inaugurated three new petrochemicals projects during his visit to the southern city of Asalouyeh in Bushehr Province.
Media Wire

Indian Refiners Allowed to Import Crude Oil Using Iranian Tankers, Insurance

IFP Media Wire -
India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India halted voyages to Iran due to US sanctions, sources said.
Media Wire

Iran in Talks with Russia for Construction of New Nuclear Plant

IFP Media Wire -
Iran's Energy Minister Reza Ardakanian says the country has restarted negotiations with Russia to build a new nuclear power plant capable of generating up to 3,000 megawatts of electricity.
IFP Exclusive

Iran Waiting for EU to Guarantee Continued Oil Sales, Banking Ties: FM

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif says Tehran is still waiting for the European Union’s measures to guarantee the continued sale of Iran’s crude oil and maintaining banking ties with the bloc despite the US bans.
IFP Exclusive

US Will Desperately Grant Waivers on Iran Oil Bans: Analyst

IFP Editorial Staff -
Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Iran’s oil customers.
Media Wire

France’s Total Officially Withdraws from Iran’s South Pars Gas Project

IFP Media Wire -
Iran’s Petroleum Minister Bijan Zanganeh says French energy giant Total has officially left the country, ending speculations over whether it would stay to finish a gas project following the return of US sanctions against the Islamic Republic.
IFP Exclusive

IRGC Confirms Reports of Holding Naval Drill in Persian Gulf

IFP Editorial Staff -
The spokesman for Iran’s IRGC confirmed on Sunday that Iranian forces have successfully staged a drill in Persian Gulf earlier this week, saying the maneuver was carried out as part of the IRGC’s annual schedule.
IFP Exclusive

Iran, Sri Lanka Discuss Promotion of Energy Ties

IFP Editorial Staff -
Iran’s Foreign Minister Mohammad Javad Zarif and his Sri Lankan counterpart have conferred on expansion of bilateral ties between the two countries in various fields, especially in energy.
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