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.

Energy

Iran asserts oil trade operates within legal frameworks, denies claims of shipment seizures

IFP Editorial Staff -
Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."
Energy

Iran marks 74th anniversary of oil industry nationalization

IFP Editorial Staff -
Iran marked the 74th anniversary of the nationalization of its oil industry on Wednesday, a landmark event in the nation’s history.
Energy

Iran’s daily gasoline use hits record of 144 million liters on eve of Persian New Year holidays

IFP Media Wire -
Iran has reported a new record in gasoline consumption as motorists take to the roads at the start of a busy travel season that coincides with the Persian New Year holidays.
Energy

Iran says will never back down from its share in global oil market

IFP Media Wire -
Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market.
Energy

Ministry: US will Fail to Obstruct Iran Oil Sales Efforts

Fatemeh Askarieh -
The Iranian Ministry of Petroleum announced that the inclusion of Mohsen Paknejad, Iran's Minister of Petroleum, in the latest sanctions list by the US Department of the Treasury is a result of his extensive efforts to maximize Iran's oil sales, adding the US will not succed in hindering Iran's efforts to sell oil.
Energy

Chief supervisor: Iranian petrochemical companies fail to repatriate 30% of export revenues

IFP Editorial Staff -
The Central Bank of Iran’s auditor has revealed that petrochemical companies have failed to return 30% of their export revenues this year, up from 12% the previous year.
Energy

Oil minister: Turkmen gas starts flowing to Turkey via Iran

IFP Editorial Staff -
Iran's Oil Minister Mohsen Paknejad says Turkmenistan's gas export to Turkey via Iran has started.
Energy

Iran’s natl. oil company wins key victory in Crescent arbitration case

IFP Editorial Staff -
According to the Legal Affairs Department of the Iranian President’s Office, the tribunal in the Crescent arbitration case has dismissed the UEA-based company’s claim that the National Iranian Oil Company (NIOC) is liable for damages incurred by third parties (companies contracted by Crescent).
Energy

Oil minister: Russian companies collaborate on oil field development in Iran

IFP Editorial Staff -
Iranian Minister of Petroleum, Mohsen Paknejad, says Russian companies are collaborating with Iran to develop its oil fields.
Energy

Oil minister: US will fail to reduce Iran oil exports to zero

IFP Editorial Staff -
Iran’s oil minister has dismissed the US policy of imposing maximum pressure to halt Iran’s oil exports as a failed strategy, asserting that reducing Iran’s oil exports to zero is an unattainable goal.
Energy

OPEC unity helps thwart US sanctions threats: Iran president

IFP Media Wire -
Iranian President Masoud Pezeshkian has stated that members of the Organization of the Petroleum Exporting Countries (OPEC) need to stay away from political games and remain united to foil threats of sanctions by the United States.
Energy

Iran says broke 10-year record in oil exports

IFP Media Wire -
Iran’s Oil Minister Mohsen Paknejad has stated that oil exports from the country have reached a new record high despite a continued regime of US sanctions that seeks to cut Tehran’s oil exports to zero.
Energy

Iran aims to reduce fuel smuggling with smart monitoring system

IFP Editorial Staff -
Iran plans to combat fuel smuggling through a new smart monitoring system, CEO of the National Iranian Oil Refining and Distribution Company (NIORDC), Mohammad Sadegh Azimi-Far, has announced.
Energy

Former Iranian OPEC representative urges action beyond nuclear negotiations

IFP Editorial Staff -
A former Iranian representative to the OPEC Board of Governors, emphasized the need for Iran to pursue new trade opportunities with countries threatened by the US, rather than solely relying on nuclear negotiations for economic relief.
Energy

Iran says planning to invest $120bn in petroleum projects

IFP Media Wire -
Iranian Oil Minister Mohsen Paknejad has stated that the Islamic Republic is planning to invest up to $120 billion in petroleum projects as the country seeks to increase its oil and gas production to respond to a rising demand for energy.
Energy

First private oil dock in Iran’s South Pars commences operations

IFP Editorial Staff -
The first private oil dock in South Pars, located in Kangan, southern Iranian province of Bushehr, has commenced operations with the successful fueling of a Bangladeshi ship.
Energy

Iran’s oil exports ramped up in second half of December: Report

IFP Media Wire -
Iran’s oil exports rebounded sharply in the second half of December after a slump reported earlier in the month, according to an announcement by a major international tanker tracking service.
Energy

Iran sets new record with daily gas production of 865mn cubic meters

IFP Editorial Staff -
Iran has reached a new milestone in gas production, with a daily output of 865 million cubic meters of sweet gas, surpassing the ministry of petroleum's commitment of 845 million cubic meters.
Economy

President Pezeshkian says Tehran committed to complete North-South transit corridor

IFP Editorial Staff -
Iran's President Massoud Pezeshkian has reaffirmed the Iranian government's commitment to completing the North-South transit corridor.
Energy

Data show Iran’s oil exports to China dropped significantly

IFP Media Wire -
Data by a major tanker tracking service revealed that Iran’s oil exports to China hit four-month low amid a rise in domestic demand for energy as well as regional tensions that affected the transport and removed customers from the market.
Energy

Iranian officials join ‘Two Degrees Less’ campaign amid cold spell

IFP Editorial Staff -
Several Iranian officials, including the government spokesperson, ministers and deputy ministers, and the head of the Environmental Protection Organization, have joined the Two Degrees Less initiative, proposed by President Massoud Pezeshkian to prevent gas pressure drops, power outages, and air pollution during the winter.
Energy

Iran’s oil minister elected as OPEC president for 2025

IFP Editorial Staff -
Iranian Oil Minister Mohsen Paknejad has been elected as the president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025.
Energy

US sanctions failed to crimp Iran’s oil supply: Chevron CEO

IFP Media Wire -
The executive of US oil giant Chevron, has stated that US sanctions on Iran have failed to remove the country’s oil supply from the markets.
Energy

Energy giants voice deep concern over Israel deliberate attacks on Iran

IFP Media Wire -
The Gas Exporting Countries Forum (GECF) has expressed alarm about Israeli attacks against Iran in recent months, warning that such moves pose serious risks to global energy chain.
Energy

Iran’s energy minister assures no blackouts amid supply boost

IFP Editorial Staff -
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.
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