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 National Iranian Gas Exports Company (NIGEC) is in talks with foreign firms to sell part of its shares in the country’s “frontrunner” LNG scheme which has lingered for years amid sanctions.
Official in charge of the 12th edition of Kish International Energy Exhibition, dubbed Kish ENEX 2016, says a total of 195 companies from Iran and other countries have taken part in this year’s exposition.
Iran brings online two more operations in its biggest gas field, marking the opening of the first such project all carried out by domestic entities in the face of Western sanctions.
Implemented development plans of South Pars oil and gas field will be opened by President Hassan Rouhani on Monday as his government's top prioritized energy project.
Iran said on Saturday that it plans to participate in the construction of an oil refinery in Spain in what appears to be a long-term strategy to guarantee its own sales to Madrid.
Iran has made the necessary preparations for raising crude oil output after international sanctions are lifted later this month, a senior official says.
As Iran is preparing for the removal of sanctions and the openings that it will create in various sectors, fresh debates are emerging in the country over the need to devise more efficient energy policies – what is expected to help the country’s economic growth.
Iran-India undersea gas pipeline is planned to be built within two years following the necessary approvals and after a gas sale and purchase agreement is signed, managing director of National Iranian Gas Export Company says.
Javadi said international companies active in the oil industry are ready to cooperate with Iran within the framework of deals based on the new Iran Petroleum Contract.
Among others, presidents of Bolivia, Russia, Equatorial Guinea, Nigeria, Venezuela, Iraq and Turkmenistan attended the summit of Gas Exporting Countries Forum (GECF).
The GECF also picked Iran’s Oil Minister Bijan Zanganeh as deputy chairman and Qatar’s Minister of Energy and Industry Mohammed Saleh Al Sada as chairman of the Forum.
The agreement between the Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.
There is significant potential for the Japanese companies to participate in a variety of oil and gas projects in Iran, said Zanganeh after a meeting with the Japanese foreign minister.
Poland has expressed readiness to cooperate with Iran in different energy sectors and since Polish refineries have been modernized, they can use Iranian crude oil, Zanganeh said.