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.
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.
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.
