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.
Iran to unveil 40 great oil projects at London conference
The oil projects are mainly in connection with South Pars and West Karoun oil fields and could fetch $40 billion worth of investment.
OPEC; the known unknowns
Shargh studies how the Iranian economy can effectively respond to an OPEC decision not to cut the production quotas of its members.
Non-OPEC members must participate in oil output cut
Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.
Iran to build hydroelectric power plant in Armenia
Under an MOU signed by Tehran and Yerevan, Iran is to be build a hydroelectric power plant in Armenia.
Oil Minister: Iran has tools to minimize damage by drop in oil prices
Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.
Iran president stresses need to balanced oil price
The Iranian president says crude price fluctuations will have an adverse impact on global economy.
Iran to take natural gas to the southeast to help local economy pick up
The Iranian Economy Council has agreed to allocate 1.5 billion dollars in finances to a project which will take natural gas to Sistan and Baluchestan Province.
Iran to produce 5,000 MW clean power in five years
The Renewable Energy Organization of Iran says it is planning to generate 5,000 MW of clean power in five years’ time.
Oil giants keen to return to Iran’s oil, gas sector
An Iranian oil company director says a final nuclear agreement between Tehran and G5+1 would see the return of world oil giants to Iran.
Canadian, Australian companies ready for gas cooperation
Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.
Iran’s oil industry needs $200 b. in investment: Minister
The Iranian oil minister says countries that hold talks with Iran before the lifting of sanctions will have an edge over others that wait until after the sanctions are removed.
Iranian, Pakistani FMs call for finalizing IP gas pipeline
Tehran and Islamabad appeal for conclusion of a deal to take Iranian natural gas to the Subcontinent.
Iran oil reserves to last 60 years: Oil Ministry official
An official says Iran has large-enough oil reserves to last at least six decades.
Iran inaugurates hydropower plant in Tajikistan
Iranian President Hassan Rouhani has inaugurated the second generating unit of an Iranian-financed hydroelectric power plant in Tajikistan.
Iran, Russia sign MoUs to boost economic, trade ties
Iran and Russia have agreed to use national currencies in bilateral trade.
Iran, Russia can boost trade exchanges tenfold
The value of bilateral trade between the Islamic Republic of Iran and Russia can rise more than tenfold, Iranian Oil Minister Bijan Namdar Zanganeh says.
Iran launches largest gas storage facility in Mideast
Iran says it has launched the largest gas storage facility in the Middle East in the northeastern province of Razavi Khorasan.
Envoy Calls for Early Completion of Iran-Pakistan Gas Pipeline
Iran's Consul-General in Peshawar appeals for efforts to expedite Iran-Pakistan pipeline.
Iran, Azerbaijan to Cooperate in Caspian Sea Oil Production
The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of oil in the Caspian Sea.
Iran starts testing Iraq gas pipeline
Iran has began pre-startup tests on a pipeline built to transport natural gas to Iraq to feed the country’s power plants, says an Iranian official.
Iran would enjoy oil, gas for next 60, 200 years
NIOC deputy-manager for explorations has said the country would enjoy gas and oil reservoirs for next 60 and 200 years, respectively.
Oil tankers return to Iran’s ports
The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.
Iran Plans to Turn Jask Port into 2nd Oil Hub
The President says his government plans to turn a port in the south into an oil hub.
No Plan for Russia’s Iran Oil Marketing
Iran’s Petroleum Minister Bijan Namdar Zanganeh has dismissed reports of an agreement with Russia to sell oil for Iran.
Iran Self-Sufficient in Diesel Fuel
Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel.
