Energy

“US Can Never Stop Other Countries from Buying Iran’s Oil”

An Iranian oil official says removing Iran’s crude oil from the market is impossible after the US said it expected oil buyers to completely cut off purchases of Iranian supplies in early November.

Iran Hails OPEC’s Decision to Stick to 2016 Agreement

Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.

Iran against Boost in OPEC Crude Oil Output: Minister

Iran’s petroleum minister says the country sees no need for the OPEC member states to boost their oil production, as Tehran believes the recent hike in global oil prices has its roots in political tensions and not any imbalance in the market.  

Russia to Make $50 Billion Investment in Iran’s Oil Industry

Russian officials have officially expressed their intention to make a $50 billion investment in Iran’s oil industry, a media report says.

Iran Says OPEC Must Resist Trump’s Calls for Output Changes

Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.

Iran Ready to Offer Technical, Engineering Services to DR Congo

Iran’s Deputy Foreign Minister Morteza Sarmadi says Iranian companies are ready to participate in energy and power projects in the DR Congo.

MP Calls for Punishment of Foreign Firms Leaving Iran

A member of Iranian Parliament Economic Commission says the foreign companies which have decided to leave Iran in the wake of the US withdrawal from the Iran nuclear deal should be punished.

“New US Sanctions on Iran Threat to Petrodollar”

US President Trump’s decision to pull the US out of the Iran nuclear deal has reinstated a number of sanctions that have put the petrodollar under threat.

Minister Vows to Prevent Plunge in Iran’s Oil Exports

Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.

Iran, India Resolved to Expand Ties despite US Sanctions

Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

Iran’s Gas Condensates Exports Up %150 since US JCPOA Withdrawal

Iran’s exports of gaseous condensates have risen considerably following the US withdrawal from the Iran nuclear deal.

Iran-EU Joint Committee to Address Oil Trade Problems

EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.

UK Signs First Int’l Oil Deal with Iran after US Withdrawal from JCPOA

The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.

Chinese Firm May Replace Total If It Exits Iran

Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.

Iran Cannot Be Ignored on Global Oil Market: Minister

Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.

23rd Edition of Iran Oil Show Kicks Off in Tehran

The 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran has kicked off in the Iranian capital Tehran.

Riyadh to Fund, Taliban to Protect TAPI Gas Pipeline

While Iranian officials maintain that it is unlikely the Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline project becomes operational, Saudi Arabia has pledged to provide its investment and Taliban militants vowed to secure it.

Iran Says Turkey’s GAP Project Destroys Regional Ecosystem

An Iranian lawmaker has warned about the destruction of regional ecosystem by Turkey’s GAP (South Eastern Anatolian) Project, saying that the dam construction project is a Zionist plot.

Iran’s Kerman Province Home to Globally-Registered Qanats

Kerman province in southeastern Iran is home to hundreds of qanats through which underground waters have long been extracted by local people.

Street in Tehran Finally Named after Eminent PM Mosaddeq

After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.

Dakar, Tehran Discuss Mutual Cooperation in Gas, Oil

Iranian Foreign Minister Mohammad Javad Zarif and his Senegalese counterpart Sidiki Kaba have conferred on expansion of bilateral ties in various fields, particularly oil and gas cooperation.

Iran Bans Rice Cultivation in Dry Provinces

Iranian Minster of Energy Reza Ardakanian says the government has decided to ban the cultivation of rice in any province other than the ones in the north in a bid to control the serious water crisis across the country.

Iran to Overtake Saudi Arabia on Petrochemical Market

Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.

Lights Out at Milad Tower to Commemorate Earth Hour (+Video)

The iconic Milad Tower in Tehran went dark for an hour on Saturday night, as the Earth Hour campaign kicked off across the globe to raise public awareness about climate change and energy consumption.

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