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.
Iranian Energy Minister Abbas Aliabadi has announced that there are no power outages currently across the country as the electricity supply has been stable, and sufficient fuel has been secured to prevent any blackouts.
Saeed Tavakoli, CEO of the National Iranian Gas Company, confirmed to an Iranian news agency that the suspension of gas exports to Iraq was requested by the Iraqi side for maintenance purposes.
Tehran has further increased its oil prices for deliveries to private buyers in China despite a regime of Washington's sanctions that restrict normal exports, according to a report.
Gasoline prices in Iran have reached an unprecedented low of just three cents per liter, making it the second-cheapest in the world after Venezuela, an Iranian newspaper raised the alarm.
According to ISNA, none of the tanks or facilities at Iran’s Abadan refinery were damaged in the recent Israeli regime’s attack and refining operations and product output remain normal and stable.
Iranian Energy Minister Abbas Aliabadi held a meeting with the chairman of the National Development Fund of Iran (NDFI) Mehdi Ghazanfari to remove the obstacles in drawing investment in the private sector and expand its power plants.
Tehran continued to raise its oil production in August despite the pervasive pressure of Washington's sanctions that restrict Iran’s ability to sell oil in international markets, according to the latest data by the Organization of the Petroleum Exporting Countries (OPEC).
Iranian Vice President Mohammadreza Aref has been the subject of criticisms for saying on Sunday that importing gasoline price at high prices and selling it at heavily-subsidized prices is ‘unreasonable.’
As the ultimatum set by Iran for Pakistan on the implementation of the so-called Peace Pipeline, looms, some experts have called on the new Iranian Administration of President Massoud Pezeshkian to seize the opportunity and revive the long-delayed deal.
The Islamic Revolution Guards Corps (IRGC) Navy announced that it has confiscated a tanker carrying over 700,000 liters of smuggled oil with the flag of Togo in the Persian Gulf.
According to the Head of Iran's Customs Administration (IRICA), the country's non-oil foreign trade, comprising exports and imports, reached $36 billion during a four month period from 20 March to 21 July 2024.
The Iranian Oil Ministry in a statement on Saturday rejected reports that a large oil tanker that collided with a supertanker and caught fire off Singapore's coast was carrying Iranian crude oil.
A leak in a turbine condenser knocked a power plan in the southern Iranian city of Ahwaz offline and caused power outage in large parts of the Khuzestan province that is experiencing an average temperate of nearly 50 degrees Celsius.
Tehran has become the fourth largest oil exporter within the Organization of the Petroleum Exporting Countries (OPEC) due to a surge in oil production and sales, according to a report.
Iran’s minister of energy says the country has experienced a leap in electricity production, citing a recently released report by Energy Institute (EI) on the surge in energy production in different countries.
A memorandum of understanding (MoU) signed between Tehran and Moscow on potential transfer of Russian gas to Iran would help boost bilateral ties and serve the interests of the two sides and the region, Acting Iranian President Mohammad Mokhber has stated.
Iran’s crude production increased by 1.4 million barrels per day during the late President Ebrahim Raisi’s administration despite over 600 new sanctions imposed by the West on exports, the country’s oil minister says.
The Qiz Qalasi dam on the Aras River in northwestern Iran, tipped as the most important water project for Iran and the neighboring Republic of Azerbaijan, became operational on Sunday.
