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.
The 5th refinery facilities of South Pars gas field registered a 55.9 mcm/d record in processing natural gas during the previous Iranian calendar year which ended on March 19, said the plant's director.
Managing director of Iran's National Petrochemical Company (NPC) said the company is in talks with a major chemical company from Europe for joining Iran's petrochemical projects.
The spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi said: “Iran’s centrifuge machines can help in the development of the region’s oil and gas industries at a reasonable price.”
Iranian Minister of Petroleum Bijan Zangeneh said Iran and India are discussing setting up banking channels which will allow the Central Bank of Iran to access $6bn of India's oil debts to Iran.
After negotiation with their Iranian counterparts, the Indian Oil & Gas Minister, accompanied by representatives of 25 Indian companies, came to Tehran Chamber of Commerce, Industries, Mines & Agriculture (TCCIMA), and talked with leaders from Iran's private sector.
Iranian Minister of Petroleum Bijan Zangeneh says Tehran is interested to joint refinery projects in India in a bid to ensure sale of its crude oil in the Indian market.
The pipeline set up to take Iran's natural gas to the neighboring country Iraq is ready for operation, says managing director of the Iranian Gas Transmission Company.
Head of the Atomic Energy Organization of Iran Ali Akbar Salehi unveiled plans for the extraction of rare earth elements in the country as by-products of uranium mining process.
Iranian Minister of Petroleum Bijan Zangeneh said Iran is prepared to increase its oil exports to Indian refineries with support from the Indian government after removal of sanctions on Iran.
The contract for exporting two million tons of gas oil to Iraq will soon be inked to turn the neighboring country into largest buyer of the Iranian oil product.
Iran will add 3 million liters of gasoline to its daily production once a new gasoline project comes on-stream at Bandar Abbas Refinery in a few months.
Iranian Minister of Petroleum Bijan Zangeneh has said the country will launch phases 17 and 18 of the supergiant gas field by the end of the current Iranian calendar year to March 19.
An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehran's nuclear program, an official said.
Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output to 4 million barrels a day, from the current 3.2 mbd, by the end of the current Iranian calendar year which began on March 20و adding the country eyes to boost oil exports to 2.25mbd by then.
The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
Deputy Minister of Petroleum Abbas Kazemi said here on Tuesday that Iran would have a 50-percent cooperation in constructing a refinery in Spain, if the country's crude oil is totally being supplied by Islamic Republic.
Director of quality control at the National Petrochemical Company (NPC) said that its output was more than 46 million tons last year (ending March 19) up by 2.5 million tons compared to the preceding year.
Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.
