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

Lukoil Looking for Opportunities in Middle East and Iran

IFP Editorial Staff -
An official with Russian energy company Lukoil says the firm’s target area in the Middle East is Iran at the moment, but it also seeks opportunities for growth in other regional countries as well.
Energy

Iran’s Oil Ministry Urged to Exploit Shale Oil Resources

IFP Editorial Staff -
An Iranian MP has asked the Oil Ministry to take measures to extract oil from shale resources in south-western Iran.
Energy

Germany Interested in Making $12 Billion Investment in Iran’s Oil Industry

IFP Media Wire -
Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector.
Energy

Iran’s Oil Achievements in Post-Sanctions Era

IFP Editorial Staff -
Iran has managed to raise its oil production and export to 4 million and over 2 million barrels per day, respectively, in a four-month period of time, following the removal of sanctions on the country’s oil sector.
Energy

Iran to Sell $41bn of Oil and Condensate by March: Minister

IFP Media Wire -
Iran’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).
Energy

Iran’s New Nuclear Power Plants Help Save 22 Million Barrels of Oil

IFP Editorial Staff -
Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi says the construction of new nuclear power plants in Bushehr, southern Iran, helps save some two million barrels of oil per year.
Energy

Iran Ready to Resume Gas Exports to Iraq

IFP Media Wire -
Iran says it is ready to proceed with a much-awaited project to export natural gas to Iraq as soon as Baghdad takes measures to make the related payments.
Energy

Iran to File Lawsuit against Turkmenistan over Gas Dispute

IFP Media Wire -
The row between Iran and Turkmenistan over outstanding debts for previous natural gas sales is taking to new highs with Tehran saying it plans to sue Ashgabat for turning off the taps.
Economy

29 Int’l Firms Can Bid for Iran’s Oil and Gas Projects

IFP Media Wire -
Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts, a report said.
Energy

Iran Cuts Electricity Supplies to Iraq

IFP Editorial Staff -
Iran has reportedly cut electricity exports to Iraq due to the country's accumulated debt of nearly $1 billion to Iraq, Iranian and Iraqi officials noted.
Energy

Germany to Build Clean Energy Plant in Central Iran

IFP Editorial Staff -
A combined-cycle power plant will be constructed in Iran’s central city of Damghan in cooperation with Germans, the local Governor announced.
Energy

Turkmenistan to Be Fined for Cutting Gas Supply to Iran: Official

IFP Editorial Staff -
Turkmenistan to Be Fined for Cutting Gas Supply to Iran: Official
Economy

Iran Slams Turkmenistan for Going Back on Its Word and Cutting Gas Supply

IFP Media Wire -
An Iranian energy official denounced Turkmenistan for going back on its word and cutting off gas supplies to Iran abruptly, saying, however, that Iran’s ability to feed the countrywide gas grid remains unaffected by such “immoral” measure by the Ashgabat government.
Energy

Turkmenistan Inks Last-Minute Gas Deal with Iran

IFP Editorial Staff -
Turkmenistan managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations, media reports said.
Energy

Iran and India May Construct Oil Refinery in Brazil

IFP Editorial Staff -
Talks between Brazil, Iran and India could result in the construction of an oil refinery and petrochemical plant in one of the South American nation’s poorest states.
Energy

Iran Should Boost Export of Oil Products Rather than Crude Oil: Rafsanjani

IFP Editorial Staff -
Chairman of Iran’s Expediency Council Ayatollah Akbar Hashemi Rafsanjani says the export of oil products should be increased.
Economy

Iran Eyes Broader Energy Ties with Armenia

IFP Media Wire -
Iran’s president expressed the country’s willingness to promote cooperation with neighboring Armenia in the energy industry.
Economy

After OPEC Deal, Iran Is Now Trying to Attract Foreign Investment

IFP Editorial Staff -
Energy experts believe that Iran need to increase its cooperation with major oil companies if it wants to take better advantage of its recent victory in the Organization of Petroleum Exporting Countries (OPEC) summit.
Energy

Iran to Stop Gasoline Imports in 2017

IFP Media Wire -
Iran’s deputy petroleum minister says the country will become self-sufficient in gasoline production next year as it eyes exporting the crucial fuel to other countries in the region and across the world.
Economy

Tehran, Moscow Sign Several Investment Deals: Russian Minister

IFP Editorial Staff -
Russia’s Minister of Energy Alexander Novak announced that Iran and Russia have signed a number of investment contracts in recent days.
Energy

Paris Climate Change Agreement Underlies New Anti-Iran Sanctions

IFP Editorial Staff -
In a letter to Iran’s Guardian Council, an Iranian think-tank has warned that Iran’s accession to Paris Agreement will lead to the imposition of new sanctions against the country.
Energy

Russia Looking for Constructive Talks in OPEC Meeting: Report

IFP Editorial Staff -
Russia will seek discussions at a planned meeting with OPEC on Saturday about how the group will fully comply with production cuts, following an increase in its November oil output, said a government official.
Energy

Iranian President Urges Closer Cooperation among OPEC Members

IFP Media Wire -
Iranian President Hassan Rouhani called for continued consultations and closer cooperation among the member states of the Organization of the Petroleum Exporting Countries (OPEC) to stabilise the oil market.
Energy

​Shell Deal with Iran Seen as Message to US

IFP Media Wire -
Iran on Wednesday awarded a basic agreement to global energy giant Royal Dutch Shell to study three mega oil and gas projects – an agreement that was hailed in Tehran for not only its technical and economic benefits for Iran but also the political message that it sent to the world and specifically the United States.
Cultural Heritage

Iran’s 1st Oil Museum to Open Up in Abadan by December 20

IFP Editorial Staff -
An Iranian oil official says Iran's first Petroleum Museum will be opened in Abadan, southwest of Iran, by December 20.
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