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 says its gas recovery from the supergiant South Pars gas field will catch up with that of Qatar before the end of the current Iranian calendar year which began on March 20.
Iran’s Ambassador to Russia Mehdi Sanaei said Tehran and Moscow are in negotiations to promote mutual cooperation in the field of energy, and other areas.
Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in its despite than was previously estimated in the field's 2008 master development plan (MDP).
NIORDC’s managing director said the volume of Iran’s gasoline exports has increased twofold since the beginning of the current Iranian calendar year [20 Mar 2016].
Iran has begun negotiations with American and Canadian oil companies on petrochemical sales, technology purchases, as well as investment in the country’s oil and gas industries.
First Vice-President Eshaq Jahangiri said that the Rouhani Administration is planning to invest $200bn dollars in oil sector in a push to develop the industry by employing new technologies.
Managing director of Masjed Soleiman Oil and Gas Company said the company will boost its output by at least 10% by the end of the current Iranian calendar year to March 20 2017.
The deal for construction of first petrochemical power plant in Mehran was signed on Tuesday between the executor company of Petrosaman Faragostar and Chinese Company CNTIC.
Iranian Minister of Petroleum Bijan Zangeneh says Tehran supports moves like the Doha conference which are aimed at tackling the consistent market volatility, saying that OPEC member "Iran has never had a role in the market instability".
The Italian company of Carlo Maresca S.p.A. is to build a 50-megawatt solar power plant on the southern Iranian island of Qeshm due to its signed agreement with the Qeshm Free Zone Organization, ISNA reported on Sunday.
South Korean President Park Geun-hye will visit Iran in May to sign three Memorandums of Understanding (MoUs) on energy domain, an official with Iranian Ministry of Petroleum said on Sunday.
Hossein Kazempour Ardebili, Iran’s OPEC (Organization of the Petroleum Exporting Countries) governor, will represent the country’s Oil Ministry in an upcoming meeting on crude output of fellow OPEC members plus Russia in the Qatari capital.
Iran and the EU signed a Memorandum of Understanding (MoU) to cooperate in energy, as the EU Foreign Policy Chief Federica Mogherini visited Iran on Saturday
Central Bank of Iran (CBI) Chief Valiollah Seif stressed that the country has no intention to cap its crude production, adding that OPEC (Organization of the Petroleum Exporting Countries) members are to blame for the tumbling oil prices.
A senior official with National Iranian Oil Company (NIOC) says the company is considering cooperation with Germany's Wintershall in research and development (R&D) projects.
