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’s President Received Ayatollah Khamenei’s Approval before OPEC Deal: Source

IFP Editorial Staff -
Reuters has quoted an unnamed source as saying that the Iranian President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh met with Iran’s Leader Ayatollah Khamenei to get his approval before the recent historic OPEC agreement.
Economy

Iran’s OPEC ‘Victory’ Hailed at Home

IFP Media Wire -
Iran’s media have hailed what is seen at home as the country’s “victory” in multiple-month negotiations with rivals and allies at the Organization of the Petroleum Exporting Countries (OPEC) over a proposed plan to reduce production and boost the prices.
Energy

Oil Price Soars as OPEC Members Agree on Output Cut

IFP Editorial Staff -
Oil price has surged to one-month high after OPEC agreed to reduce its output by more than 1 million barrels a day.
Energy

Iran Convinces OPEC States to Return to Negotiating Table: MP

IFP Editorial Staff -
A senior Iranian lawmaker says Iran has managed to bring OPEC members back to the negotiating table.
Energy

Iran Hopeful about OPEC Deal on Output Cuts

IFP Media Wire -
Iran has voiced optimism that a deal is possible among member states of the Organization of the Petroleum Exporting Countries (OPEC) to freeze production to help stabilize the prices.
Asia

Iran, Japan Must Boost Energy Cooperation after JCPOA: Minister

IFP Media Wire -
The Iranian energy minister says Iran and Japan must make use of the atmosphere created after the implementation of last year’s landmark nuclear agreement between the Islamic Republic and six global powers to boost cooperation in the energy sector.
Energy

Iran Signs International Energy Charter Declaration

IFP Media Wire -
The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.
Energy

Iraq Says It Will Participate in OPEC Deal to Cut Output

IFP Media Wire -
Iraq will shoulder part of the burden of oil-output cuts, said Prime Minister Haider Al-Abadi, reversing the nation’s previous insistence for an exemption and potentially removing an obstacle to an OPEC deal next week.
Energy

Iran May Reduce Its Oil Output as Part of an OPEC Deal

IFP Editorial Staff -
Members of Organization of Petroleum Exporting Countries (OPEC) are close to a deal based on which all member states, including Iran, Saudi Arabia, and Iraq are obliged to cut up to 4.5 percent of their oil output.
Energy

Development of Iran’s Azadegan Oil Field to Be Put Out to Tender: Official

IFP Media Wire -
The deputy head of the National Iranian Oil Company (NIOC) said the country plans to put the development of the South Azadegan oil field out to tender, dismissing reports that the project will be awarded to France’s oil giant Total without its participation in the bid.
Energy

Oil-Rich Kuwait and UAE Start Importing US Shale Gas

IFP Editorial Staff -
The United States has began exporting natural gas to the Middle East, according to a media report.
Energy

Iran’s Fierce Competition with Iraq over Joint Oilfields

IFP Editorial Staff -
Iran’s employment of Chinese contractors, rather than Western firms, for the development of its joint oilfields has been criticized by energy experts, particularly now that Iraq has speeded up its output from the oilfields it shares with Iran.
Economy

Germany to Give Iran €12bn for Petchem Plans

IFP Media Wire -
Iran says it will soon start talks with two German companies to open a major credit line of €12 billion for the development of some of its petrochemical projects.
Energy

Iran’s President Inaugurates Oil Projects in Southwestern Province

IFP Media Wire -
Iranian President Hassan Rouhani on Sunday inaugurated a number of development projects, including those for developing oil fields, in the southwestern province of Khuzestan.
Energy

Iran, China, France Sign Energy Deal

IFP Editorial Staff -
An MoU to develop the Phase 11 of South Pars gas field was inked on Tuesday between Iran’s NIOC and Petropars companies, France’s Total as well as CNPCI of China.
Energy

BP in Talks with Iran to Develop 4 Oilfields

IFP Media Wire -
Director of National Iranian South Oil Company Bijan Alipour said negotiations are underway with the British Petroleum (BP) on development of four oilfields in south of Iran.
Energy

Egypt Dismisses Reports on Oil Minister’s Visit to Iran

IFP Editorial Staff -
An Egyptian spokesman denied a recent report about the Egyptian Oil Minister’s visit to Iran for an oil agreement with Tehran.
Energy

Iran in Possession of World’s Biggest Floating Oil Inventory

IFP Editorial Staff -
Iran has the world's greatest floating crude oil storage which amounts to over 35 million barrels.
Energy

Iran to Resume Gas Exports to Turkey Soon

IFP Media Wire -
Iran says its exports of natural gas to Turkey that have been halted reportedly as a result of an explosion inside the Turkish territory will resume within the next few days.
Energy

​Iran to Stop Gasoline Imports Next Year

IFP Media Wire -
Iran says it will stop gasoline imports during the next Persian calendar of 1396 (starting March 21, 2017) in an announcement that could mean the country will soon stand on its own feet in producing the crucial fuel.
Economy

Iran to sign 6 oil deals with intl. firms

IFP Media Wire -
Iran says it will soon sign six agreements with international energy giants over the development of its oil sector projects.
Energy

Iran Supports Measures Aimed at Stabilizing Oil Market: Rouhani

IFP Media Wire -
Iran’s President Hassan Rouhani says the Islamic Republic supports any measures aimed at restoring stability to global oil markets.
Energy

Minister: Iran’s Gas Extraction from Joint Field to Be on Par with Qatar

IFP Media Wire -
Iran’s oil minister said completion of new development phases at the South Pars gas field will help the country to raise extraction of gas from the joint offshore field to a level equal to that of Qatar by next March.
Africa

Ivory Coast Sees Iran as “Key Partner” in Energy

IFP Media Wire -
Foreign Minister of Ivory Coast Abdullah Albert Toikeusse Mabri expressed the West African country’s willingness to develop partnership with Iran in the energy industry.
Energy

Iran to Begin Offering Int’l Tender for Oil, Gas Projects Monday: Report

IFP Media Wire -
Iran will on Monday start offering an international tender for oil and gas projects in the country for the first time since the removal of anti-Tehran sanctions.
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