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.
An Iranian oil official said the country is ready to help restore balance to the oil market but did not hold out much hope given that some producers are pumping crude at record levels.
Iran will hold its first tender of an oil field for development under the new contract model around the end of the Iranian month of Mehr on Oct. 21, an official says.
The Iraqi government says it may consider shipping crude through Iran if talks with the local Kurdish administration on oil revenue sharing fall apart.
Oil prices have jumped after unconfirmed reports say Iran, which is currently producing almost 4 million barrels per day (bpd), may join a push to freeze production at current levels.
An Iranian oil official says the country has broken many records in oil and gas exports after the implementation of nuclear deal between Tehran and world powers, one of which is the export of 7 million barrels of crude oil in just one day.
A large container ship has collided with an Iranian supertanker in the busy Singapore Strait, causing damage to both vessels, but no injuries or oil pollution, the Maritime and Port Authority of Singapore (MPA) says.
Iranian Oil Minister Bijan Namdar Zanganeh said the main reason behind recent blazes at a number of petrochemical complexes in the country is the failure of some private companies to provide funding for Health, Safety and Environment (HSE) parameters.
Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh said on Monday, August 1, that the Iranian gas industry is now fully indigenous as the majority of its equipment is made inside the country.
After a considerable temperature rise, Saudi Arabia’s crude oil exports have dramatically declined as the country’s power plants must consume higher amounts of crude oil to cope with the increased demand of the hot season.
Iran’s Energy Minister Hamid Chitchian revealed the country’s plan to put out a major tender in a bid to draw $12 billion of investment in development of a series of utility-scale renewable-energy projects by year end.
The latest market figures show that Iran’s oil production has already hit the highest level in the past five years – what could mark a major achievement for the country only months after the removal of sanctions in January.
Iranian President Hassan Rouhani expressed gratitude to the people and organizations involved in containing the fire that broke out at Bou Ali Sina petrochemical refinery complex on Wednesday, July 6.
The Iranian minister of petroleum says the country’s Bu Ali Sina Petrochemical Complex in the southwestern province of Khuzestan, which was hit by a raging fire earlier this week, will resume its operation within the next few weeks.
Iranian firefighters and helicopters tried on Thursday to extinguish a fire that broke out at Bu Ali Sina petrochemical refinery complex in southwestern port city of Mahshahr a day earlier.
Iran has become the fourth biggest oil supplier to Japan in May by exporting 308,000 barrels of crude oil to the East Asian country in the 30-day period.
Mohsen Qamsari, the director for international affairs of National Iranian Oil Company (NIOC), said the country has sold 2 million barrels of crude to Poland.
Iranian Energy Minister Hamid Chitchian has announced the completion of an energy infrastructure project that will send Iranian electricity to neighbouring Azerbaijan.
Iran’s Oil Minister Bijan Namdar Zangeneh said the country’s new oil and investment contracts for international firms, known as Iran Petroleum Contracts (IPCs), will be launched this summer.
Rusatom Service, part of Russian state nuclear agency Rosatom, announced that it expects to sign a 4-year contract with Tehran on the construction of two more energy blocks at Iran’s southern Bushehr nuclear power plant by the end of this year.
Mohammed Barkindo, the new secretary-general of Organization of the Petroleum Exporting Countries (OPEC) will pay an official visit to Tehran to personally appreciate Iran’s support.
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.
