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

Dozens of oil, gas projects to come on stream within months: Iran’s VP

IFP Media Wire -
Iran’s First Vice President Mohammad Mokhber has stated that 67 oil and gas projects will be put into operation by the end of the current Iranian calendar year (March 19, 2024).
Energy

Iranian officials seek to allay concerns over “gasoline shortage, price hike”

IFP Editorial Staff -
While Iranian officials have rejected reports that the government is planning to increase gasoline prices at the pump, unofficial sources have not ruled out the price hike.
Energy

Iran and Armenia sign gas-electricity swap deal

Fatemeh Askarieh -
Iran and Armenia have signed a new agreement to export Iranian gas to the former Soviet republic. The agreement was signed in a ceremony in the Armenian capital Yerevan with Majid Chegini, Iran’s Deputy Oil Minister, and Mehdi Sobhani, Iran’s Ambassador To Armenia and Sanusian, Armenian Minister of Regional Management and Infrastructure being in attendance.
Energy

Deputy minister: Iran’s daily oil production to hit 3.5mn barrels

IFP Editorial Staff -
The head of National Iranian Oil Company and deputy petroleum minister says Iran’s production of crude oil will surpass 3.5 million barrels per day by the end of September in a new blow to US sanctions on the Islamic Republic.
Nuclear

Iran official says Bushehr nuclear power plant’s output topped 60 bn kW/h

IFP Media Wire -
The total electricity produced at Iran’s only nuclear power plant after some 12 years of activity has reached 60 billion kilowatt hours (kw/h), according to Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami.
Energy

Iran says “not to budge an inch” on own rights in Persian Gulf gas field

IFP Editorial Staff -
Referring to Iran's joint oil and gas fields with the neighboring countries in the Persian Gulf, the Iranian Minister of Petroleum stressed: "We will not budge an inch on Iran's exploitation rights in the Arash gas field."
Energy

Report: Iran’s oil production hits 5-year highs

IFP Media Wire -
Iranian oil output has increased by nearly 1 million barrels per day (bpd) since August 2021 and has now reached the highest level in almost five years at 3.1 million bpd, according to a report.
Energy

Iran’s crude oil shipments to China tripled since 2020: Report

IFP Media Wire -
Iran’s crude oil exports to China have tripled over the past three years, up from 324,000 barrels per day in 2020 to approximately one million this year despite US sanctions targeting the Iranian oil exports, the latest figures by data analytics firm Kepler have showed.
Energy

Tehran: Iran to pursue own rights, interests in Arash gas field

IFP Editorial Staff -
Iranian Minister of Petroleum Javad Owji stressed that the Islamic Republic of Iran always supports the amicable settlement of border and maritime disputes, including those over the Persian Gulf Arash gas field with its neighbors.
Security

Iran will retaliate if US takes hijacked Iranian oil: IRGC commander

IFP Editorial Staff -
The deputy commander of Iran’s Islamic Revolution Guards Cords (IRGC) says the country will act in kind if the United States empties the cargo of an Iranian tanker that it has illegally seized to use or sell.
Energy

OPEC says Iran’s natural gas output raised 2% in 2022

IFP Media Wire -
Figures by the Organisation of the Petroleum Exporting Countries (OPEC)  shows that Iran’s natural gas production rose by 2% in 2022 despite sanctions imposed on the country’s energy sector.
Energy

OPEC says Iran’s oil revenues up 67% in 2022

IFP Media Wire -
Figures by the Organization of Petroleum Exporting Countries (OPEC) shows that Iranian oil export revenues rose by 67% last year despite continued pressure of US sanctions on Tehran.
Energy

Iran says oil cargo seized by Indonesia not its

IFP Editorial Staff -
Iran’s Oil Ministry says the cargo of a supertanker seized by Indonesia earlier this month does not belong to the Islamic Republic.
Energy

Iran commander warns unloading Iranian oil by US would meet “response in kind”

IFP Editorial Staff -
The commander of Iran’s Islamic Revolution Guards Corps (IRGC) Navy has warned against unloading the Iranian oil from a seized tanker by the US.
Views

Expert: Iraqis refuse to pay their energy debt to Iran by shifting blame onto US

IFP Editorial Staff -
Iranian foreign policy expert Seyyed Ali Hosseini says Iraqi officials are deliberately dragging their feet on the payment of their energy debt to Iran through hampering a mechanism that’s been created for this purpose.
Energy

“US issues new waiver letting Baghdad pay Tehran for electricity”

IFP Media Wire -
The United States has moved to let Iraq pay Iran for electricity via non-Iraqi banks, a US official said on Tuesday. Iraq owes billions of dollars to Iran for importing gas and electricity which has continued despite US sanctions, but Tehran has been unable to obtain its assets frozen in Iraqi banks under US pressure.
Energy

Iraq says to pay for Iranian gas with crude oil

IFP Media Wire -
Iraqi Prime Minister Mohammed Shia al-Sudani says that Baghdad and Tehran have signed an agreement following several days of talks for "the import of Iranian gas to fuel Iraqi power plants, in exchange for Iraqi crude oil" in order to avoid falling foul of US sanctions.
IFP Exclusive

Iraq: US banking sanctions hindering repayment of energy debt to Iran

IFP Editorial Staff -
Iraq's Minister of Electricity Ziad Ali Fadhil says Baghdad has fully paid its debt to Iran for energy purchases, but a number of banking issues caused by US sanctions are preventing the transfer of the sum of money to the Islamic Republic.
Energy

Iran calls for demarcation, exploitation of Persian Gulf gas field

IFP Editorial Staff -
The Iranian Foreign Ministry spokesman has called for the demarcation and exploitation of the Arash gas field, falling in the neutral zone between Iran, Kuwait and Saudi Arabia in the Persian Gulf.
Energy

Iraqi officials says Iran has stopped gas exports to Iraq

IFP Editorial Staff -
A spokesman for the Iraqi Electricity Ministry says that Iran has stopped gas exports to the country without prior notice while temperatures in Iraq have reached 51° Celsius.
Energy

IEA: Iran’s oil production rose to 80,000 bpd in May

IFP Media Wire -
The International Energy Agency (IEA) on Sunday announced that Iran’s oil production volume in May 2023 reached 2.870 million barrels per day (bpd).
Energy

Official says 130,000 ships dock annually at Iranian ports

IFP Media Wire -
Iran’s deputy roads and urban development minister has announced that 130,000 ships dock at the country’s ports annually in defiance of US sanctions.
Energy

MP says Iran won’t back down on rights in disputed Arash gas field in Persian Gulf

IFP Editorial Staff -
An Iranian lawmaker says the country will not back down on pursuing its right in the Arash natural gas field, which is shared with Kuwait and Saudi Arabia, amid a dispute between Tehran and its two Persian Gulf neighbors over the case.
Energy

Iran and Saudi Arabia discuss joint investment in oil, gas industry

IFP Media Wire -
Iranian Oil Minister Javad Owji and Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al Saud have explored the possibility of joint investments in oil and gas industry.
Energy

Iran oil minister says $40bn worth of deals signed in less than two years

IFP Media Wire -
Iran’s Oil Minister Javad Owji says that the country has inked $40 billion worth of oil contracts with domestic and foreign companies over the past 20 months.
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