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.
Iran has exported 1.8bn cubic metres of natural gas to neighbouring Turkey since March 20, up 11% year-on-year, said a National Iranian Gas Company (NIGC) official.
Parviz Sahafzadeh, an official with the Iran’s Petrochemical Employers Association, while describing new oil talks with the Egyptians, reported on the resumption of Iran’s liquefied gas exports to the North African country.
The managing director of the Iranian Oil Terminals Company (IOTC) says Kharg Oil Terminal has increased its export capacity and can now load 8 oil tankers at the same time.
An official has announced that exports volume of Iranian Liquefied Petroleum Gas (LPG) hit 80,000 tons in the first two months of the current Iranian year (began March 20).
Iranian refiners produced 1.83 million barrels per day of refinery items in the current Iranian calendar year which began on March 20, a senior refinery official said.
Iran’s Petroleum Minister Bijan Namdar Zangeneh has reiterated Tehran’s determination to increase oil production even in the face of a downward spiral of global crude prices.
Farasakou Port, a new hub for exporting Iranian oil products, was put into operation as part of the Pars Special Economic Energy Zone (PSEEZ) on June 18.
Operator of phase 19 development project of the supergiant South Pars Gas Field said the phase's first gas condensate cargo will be exported within the next few weeks.
A fresh round of Iran-Armenia power talks has begun over exports of certain technical and engineering services as well as electrical goods from Iran to the Caucasus region states.
Ghasem Ahmadi, a member of the Iranian Parliament, praised the Iranian Ministry of Petroleum for its efforts to revive the country's oil market share lost under the sanctions.
Iranian Minister of Petroleum Bijan Zangeneh said Iran's crude oil production has crossed 3.8m barrels per day in the month of Khordad, which began on May 21.
Iran says it has devised a serious plan to increase its refining capacity for crude and condensate by more than 70% within the next four years as it tries to cut its reliance on gasoline imports.
The Managing Director of the National Iranian South Oil Company (NISOC) said the company's crude oil output has returned to the level it was before the US-led sanctions targeted Iran's oil sector back in 2012.
A new contract between Iran and China will turn Qeshm Island into a focal point in the Persian Gulf in terms of oil reservation projects and oil production activities.
Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Russian Energy Minister Alexander Novak are scheduled to hold talks at an upcoming major international economic conference in St. Petersburg.
Managing director of Pars Special Economic Energy Zone (PSEEZ) said the zone has flared only 4.5 mcm/week of gas in the first three months of the current calendar year.
A number of experts affiliated to the International and Commercial Department of the Petroleum Ministry urged supply of global market demand for heavy crude oil by Iran.
Iran's Petropars, the Pars Special Economic Energy Zone (PSEEZ), and Italy's Stinnes Interoil Italia Srl have cemented a deal to develop a new oil field in southern Iran, the managing director of Petropars said.
Traders say Royal Dutch Shell has resumed purchases of Iranian crude. The company has now become the second major oil firm after Total to restart trade with Tehran after the lifting of sanctions against the country in January.
Plans are under way to launch phases 17 and 18 of the supergiant South Pars gas field during the second half of the current calendar year, which began on March 20, a senior energy official said.
