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.

IFP Exclusive

Iran-Total Gas Deal Sparks Controversy in Tehran

IFP Editorial Staff -
A multi-billion-dollar gas deal signed between Iran and French energy giant Total for the development of Phase 11 of South Pars Gas Field has sparked mixed reactions in Iran.
Media Wire

Iran-Total Gas Deal to Facilitate Transfer of Technology: Rouhani

IFP Media Wire -
Iranian President Hassan Rouhani says a multi-billion-dollar gas deal signed between Iran and French energy giant, Total, will facilitate the “transfer of technological, scientific and managerial experience” between Iran and France.
IFP Exclusive

Iran, Total Ink Huge Deal for Gas Field Development

IFP Editorial Staff -
The National Iranian Oil Company (NIOC) and the French oil giant Total have signed a contract for the development and production of phase 11 of South Pars (SP11), the world's largest gas field.
Media Wire

Iran, Total to Finalize $4.8bn Gas Deal on Monday

IFP Media Wire -
Iran plans to sign a contract to develop its giant South Pars Gas Field with France's Total on Monday, the first major European energy investment since sanctions against Tehran were lifted over a year ago, an Iranian Oil Ministry official said on Sunday.
Media Wire

Iran Will Soon Sign South Pars Gas Deal with Total: Minister

IFP Media Wire -
Iranian Oil Minister Bijan Namdar Zangeneh said a long-delayed gas deal between Tehran and French oil major Total is expected to be signed soon.
IFP Exclusive

Free Gas Export to Turkey Sparks Controversy in Iran

IFP Editorial Staff -
Iran’s free gas export to Turkey has given rise to a considerable controversy in the country with some calling it a great loss inflicted on the national treasury for which the incumbent government is to blame, and some saying that Ankara has already paid for the gas it is receiving from Tehran for free.
Media Wire

“Iran Supplying Turkey with Free Gas for Past Debts”

IFP Media Wire -
Iran’s Oil Minister Bijan Namdar Zanganeh said the country is currently not receiving any money from Turkey for the export of gas, because Tehran has to clear its debts under an International Court of Arbitration ruling on a dispute over gas pricing.
IFP Exclusive

France’s Peugeot, Total Looking for Stronger Presence in Iran

IFP Editorial Staff -
With the world having learnt who will steer Iran’s government in the next four years, a large number of foreign firms have once again lined up to enter the county’s 80-million-strong market, with the French car producer Peugeot and oil giant Total standing at the forefront of the queue as usual.
IFP Exclusive

“We Won’t Give Away a Single Dollar in Crescent Case”

IFP Editorial Staff -
An Iranian presidential contender harshly criticized a controversial deal on selling natural gas to an Emirati company, and promised not to give away a single dollar on an open legal case concerning the contract.
IFP Exclusive

Iranian Oil Experts Accuse Rouhani of Downgrading Domestic Capabilities

IFP Editorial Staff -
A number of the Iranian oil experts have reacted to recent comments by President Rouhani about the vital role of the nuclear deal in the completion of domestic oil projects, saying that he has overstated the impact of the JCPOA and imparted incorrect information
IFP Coverage

Iran Oil Show Opens in Tehran

IFP Editorial Staff -
The Iran International Oil, Gas, Refining and Petrochemical Exhibition, known as Iran Oil Show 2017, was kicked off on Saturday at the city's permanent fairground.
IFP Exclusive

Real Oil Price is over $70 per Barrel: Iranian MP

IFP Editorial Staff -
An Iranian lawmaker said the real oil price is more than $70 per barrel, and urged the OPEC’s member states to agree on adopting an effective strategy in their upcoming meeting in Vienna to raise the crude value by preserving the balance in oil production.
IFP Exclusive

Iran to Celebrate Self-Sufficiency in Petrol Production: IRGC Commander

IFP Editorial Staff -
Commander of the Islamic Revolution Guards Corps (IRGC) declared that Iran will celebrate its self-sufficiency in the production of petroleum after the inauguration of the world’s largest gas condensate refinery in coming days.
IFP Exclusive

Iran Equals Qatar in Natural Gas Output from South Pars

IFP Editorial Staff -
The phases 17, 18, 19, 20, and 21 of the supergiant South Pars Gas Field in southern Iran were officially inaugurated by Iranian president on Sunday, increasing the country’s output from the joint gas field to Qatar’s level.
Media Wire

Iran to Support OPEC Oil Cut Extension If Unanimity Reached

IFP Media Wire -
Iranian Minister of Petroleum Bijan Zangeneh says he believes most members of the Organization of the Petroleum Exporting Countries (OPEC) would endorse extension of the organization's output cut initiative in the upcoming OPEC meeting, adding Iran would also support the cut extension if other members unanimously back it.
IFP Coverage

Iran Becomes Second Supplier of S. Korea’s Crude Oil: Report

IFP Editorial Staff -
The Islamic Republic of Iran has turned to the second oil supplier of South Korea, which has imported 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), up 118.8 percent from 1.03 million tonnes a year ago, reaching a record
Economy

Iranian President Visits Flare Minimization Plan in Southwest

IFP Editorial Staff -
During his Thursday visit to southwestern province Khuzestan, Iran’s President Hassan Rouhani visited the AMAK plan, the largest environmental project of the country in oil and gas sector.
Energy

Iran to Sell Crude Oil to Russia: Minister

IFP Editorial Staff -
Iran will sign a deal with Russia to sell 100,000 barrels per day of oil to its northern neighbour, Iranian Minister of Petroleum said on Tuesday.
Energy

Iran to Probe Allegations about Total’s Information Leak to Qatar

IFP Editorial Staff -
An Iranian lawmaker says the Parliament will investigate the veracity of allegations concerning French oil giant Total’s disclosure of secret data about Iran’s South Pars Gas Field to neighbouring Qatar.
Energy

Iran Resumes Power Export to Iraq

IFP Media Wire -
Iran has resumed electricity export to Iraq after it halted supply in the beginning of the year, according to a Friday report by Mehr News Agency.
Crisis

Iran’s Oil Output Slightly Affected by Power Cut in Khuzestan

IFP Editorial Staff -
The temporary power failure caused by the extremely high level of humidity and dust pollution in Iran's southwestern province Khuzestan has slightly decreased the country's oil production, but it won't influence Iran's OPEC commitments.
Crisis

Iranian Minister Apologises to Nation for Power Outage

IFP Editorial Staff -
Iran’s Energy Minister apologized the residents of Khuzestan Province in southwestern Iran for power and water cut caused by climatic conditions.
Energy

New Generation of Filling Stations Set Up in Tehran

IFP Editorial Staff -
Tehran Municipality and the Iranian Oil Ministry have set up self-service filling stations for the first time in the Iranian capital of Tehran.
Energy

Aerial View of Iran’s Largest Solar Power Plant

IFP Editorial Staff -
Iran’s biggest solar power plant was inaugurated on Saturday, February 4, in Iranian West-central province of Hamadan.
Energy

Increased Gas Consumption with Precipitation in 24 Iranian Provinces

IFP Editorial Staff -
Many cities and villages across Iran are facing a dropped temperature as well as rain and snow fall, and this has sharply raised the daily gas consumption.
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