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 is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.
Pakistan’s Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar has reiterated that Islamabad will deter external interference when it comes to complying with the terms of a natural gas import contract with Tehran.
Mohammad Eslami, the head of the Atomic Energy Organization of Iran, announced that the construction of the first nuclear concreting island at the Karun site in southern Iran will commence in the fall.
The Organization of Petroleum Exporting Countries (OPEC) says Iran took the lead among oil producers in March 2024 when it produced 3 million 188 thousand barrels per day (bpd) of crude, 28,000 bpd more that its output in February.
Pakistan has stressed it is within its rights to import natural gas from Iran despite the US objections to fresh attempts by Islamabad to revive a 2009 gas supply agreement with Tehran.
Iran is commemorating the 73rd anniversary of its historic nationalization of the oil industry, a landmark event that reshaped the nation's trajectory.
Iran says it believes in ‘integrated and joint’ extraction with Kuwait and Saudi Arabia from the disputed Arash gas field in the Persian Gulf, warning Tehran will start drilling in the field if Kuwait does so.
Iran’s Research Institute of Petroleum Industry (RIPI) has been granted the Gas Exporting Countries Forum (GECF)’s Award for Long-Term Commitment to Natural Gas in recognition of its contribution to the natural gas sector.
Pakistan’s caretaker energy minister has stated Washington’s anti-Tehran sanctions, imposed over its nuclear program, may not apply to the Iran-Pakistan gas pipeline as Islamabad was going to start work on the project within its territory and connect to the neighboring country.
Deputy Iranian Minister of Oil and CEO of Iran's National Petrochemical Industry Company, Morteza Shahmirzaei, marked a milestone on Monday at Asalouyeh Port, along the Persian Gulf, where Berth No. 17 Phase 2 witnessed the inauguration of Iran's first locally crafted cryogenic loading arm.
Almost all gas stations in Iran are operational a day after about 70 percent of the pumps were hit in a cyberattack, the Iranian deputy oil minister said Tuesday.
Iran’s Oil Minister confirmed that about two thirds of the gas stations across the country were disrupted after they were targeted in a cyberattack on Monday.
A technical error has knocked fuel rationing system in Iran off course, the head of the Gas Stations Union confirmed, adding offline fueling system at non-subsidiary prices has not been affected.
Iran’s oil minister says the country is planning on increasing its crude production to 3.6 million barrels per day by the end of the current Iranian year, on March 20, 2024, and aims to hit the 4 million mark next year.
Iran has started to build the Karoun nuclear power plant in the southwestern province of Khuzestan, the head of the Atomic Energy Organization of Iran (AEOI) says.
