Energy

Iran to Produce Customized Oil in Two Years: Official

Managing Director of the Iran Oil Terminals Company (IOTCO) Pirouz Mousavi said Iran is going to start producing customized oil in two years.

Petchem Export Integration Is Top NPC Priority

Marziyeh Shahdaei, Deputy Petroleum Minister in petrochemical affairs, says talks are under way with leaders of Iran's petrochemical holdings in a push to bring their exports together.

Oil Accord Sealed with S. Korea’s SK Energy

The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.

Deputy Petroleum Minister Calls for Change in Oil Export Route

Deputy Petroleum Minister and Managing Director of the National Iranian Oil Refining and Distribution Company Abbas Kazemi called for a change in the oil transfer route in order to facilitate export.

Iran LPG, Sulphur Exports Up

The Managing Director of the National Iranian Gas Company says Iran has raised its liquefied petroleum gas (LPG) and sulphur exports, which has been caused by eased restrictions on shipments.

NIGC Urges Staff to Protect Environment

Managing-Director of the National Iranian Gas Company Hamid-Reza Araqi, in a message released on Sunday May 5, urged NIGC staff and officials to protect the environment and avoid polluting nature.

Larijani Invites Minister to Brief Parliament on New Oil Contracts

Majlis Speaker Ali Larijani invited Petroleum Minister Bijan Zangeneh to attend a parliament session to brief members on new oil contracts.

Turkish Firm Signs $4.2bn Power Plant Deal with Iranian Energy Ministry

A major Turkish energy company has finalized a $4.2bn deal with Iran's Energy Ministry to set up seven natural gas power plants in the Islamic Republic.

First VP Embraces MP’s Criticism of Oil Contracts, Calls for Amendments

In a rare move in the history of Iranian administrations, First Vice-President Eshaq Jahangiri warmly welcomed a recent letter by the outspoken former MP Ahmad Tavakkoli which criticized the Oil Ministry’s new contracts, and asked Oil Minister Bijan Zanganeh to correct them accordingly.

Iran and Russia in Talks over Electricity Exchange

A new report says Iran and Russia are in final talks over high-season electricity exchange.

Market Unaffected by Iran Export Hike ahead of OPEC Meeting

Iran has not negatively impacted the oil market by doubling its crude oil exports, says Iranian Minister of Petroleum Bijan Zangeneh.

Iran Makes Its Largest Investment to Date in Kurdish Regions

Iran has bankrolled $800m for the development of Sanandaj and Mahabad petrochemical plants, both located in the country's Kurdish regions, thus making Iran’s biggest state investment in the region's history.

Indonesia Signs LPG Import Deal with Iran

Indonesia inked a deal with Iran for purchase of 80,000 metric tons of Liquefied Petroleum Gas (LPG) from Iran.

Iran Exports 10bn kWh of Power to Regional Countries

The Deputy Energy Minister announced that Iran has exported 10bn kWh of electricity to regional countries over the past Iranian calendar year, which ended March 19.

11th International Energy Conference Starts in Tehran

Tehran hosts the 11th International Energy Conference, one of the largest gatherings of managers and experts in the energy sector.

Iran Starts Construction of 9th Cross-Country Gas Pipeline

Iran kicked off construction of its 9th cross-country gas pipeline, a senior official affiliated to the National Iranian Gas Company (NIGC) said.

Iran and Japan to Cooperate on Energy Efficiency

Iran’s Institute for International Energy Studies (IIES) and the Japan Cooperation Centre for the Middle East (JCCME) have agreed to cooperate on studying energy efficiency in Iran.

Indonesian Minister Due in Iran for Oil Deal

Iranian Minister of Petroleum Bijan Zangeneh will meet his Indonesian counterpart in Tehran on Monday to discuss fresh energy cooperation, Shana news agency says.

Iran Exports First Consignment of Gas Oil to Iraq’s Kurdistan

Iran has exported the first consignment of its gas oil to Iraq’s Kurdistan, a local official said.

Iran Increases Gas Output by 23bn Cubic Metres: Deputy Oil Minister

Iranian Deputy Oil Minister Hamidreza Araqi announced a considerable rise in the country's gas production output on Wednesday May 25.

Dutch Company to Assist Iranian Oil Terminal Renovation

The head of the Iran Oil Terminals Company (IOTC) has said that the company will cooperate with a Dutch oil company to refurbish its oil terminals and facilities.

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.

NITC to Restart Oil Transfer to Europe Soon

In Bandar Abbas, Ramin Rajaei, an official from the National Iranian Tanker Company, said that the NITC will restart oil cargoes to Europe in the near future.

Oil CSR Conference Opens in Tehran

Iran opened the Corporate Social Responsibility Conference in the Petroleum Industry on Tuesday May 17.

Iran to Increase Oil Swap Capacity in Caspian Sea Region

Iran plans to increase its oil swap capacity in the Caspian Sea and other regions, Deputy Petroleum Minister for International Affairs Amir Hossein Zamani Nia said. He made the remarks at the first international conference on “Rail-Ports and Rail-Oil” in Tehran.

Latest news