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, 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.
Iran Defines Six-Point Gas Development Plan
Iran has defined a six-point plan for the gas sector under the country’s sixth five-year economic development plan which starts in March 2015, director for planning of National Iranian Gas Company (NIGC) said.
Iranian Hydroelectric Power Plants’ Output Rises by 9%
The electricity produced by Iran’s hydroelectric power plants has witnessed over 9 percent increase since the beginning of the current Iranian year
Russia builds 5 power plants for Iran
Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.
Iran would export gasoline next year
An official has said Iran would export gasoline beginning next year with operation of the news oil refinery.
Iran top holder of worldˈs natural gas reserves: BP
The British Petroleum (BP) classed Iran, for the second consequent year, as the world’s top gas reserves holder with 33.8 trillion cubic meters, it was reported on Wednesday.
Official: Isfahan Refinery to Produce Euro-4 Gasoline
Iran's Isfahan refinery plans to start producing Euro-4 gasoline once the necessary catalyst is mass-produced in the country, a senior official announced.
Turkey extends contract to import Iran oil: Official
Tehran and Ankara have renewed a bilateral agreement on the export of Iran’s oil to Turkey, an Iranian energy official says.
Iran, Russia Mulling $10bln Deal in Power Sector
The Islamic Republic of Iran and Russia are working out a $10-billion deal in the power sector.
‘South Pars to be completed by 2017’
All phases of Iran’s giant South Pars natural gas field will be completed by early 2017, an Iranian energy official says.
Iran ready to supply Europe with natural gas: Official
A senior Iranian energy official says the Islamic Republic is prepared to export natural gas to European countries seeking to diversify their energy sources and gas supplies.
Energy Minister Calls for German Companies’ Cooperation in Iran’s Water Projects
Iranian Energy Minister Hamid Chitchian called on the German companies to take part in Iran's water projects.
32 countries attending Iran Oil Show 2014
Some 32 world countries will be attending Iranˈs 19th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2014) to be held in Tehran on May 6-9.
Oil Minister: Phase 12 of South Pars Gas Field to Double Production Soon
Iranian Oil Minister Bijan Namdar Zanganeh announced that phase 12, the biggest development phase of the massive offshore South Pars gas field, south of Iran, will double gas production by the next month.
Iran committed to increase gas export
Iran is committed to increase gas export, First Vice- President Eshagh Jahangiri said on Monday.
India oil imports from Iran rise 43% in Q1 2014
India has significantly increased its oil purchases from Iran following the implementation of an interim nuclear deal between Iran and six world powers, a report says.
South Korea doubles Iran oil imports
South Korea doubled its import of Iranian oil during the month of February.
Iran plans launching four new nuclear power plants
Iran will need 30,000 of its new generation centrifuges and more power plants to meet domestic fuel demands, its nuclear chief has said.
Iran to increase oil output to 5.7 million bpd by 2018
Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh.