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.
Iranian oil minister, France’s Fabius confer on cooperation on energy
Iran's oil chief has said that his ministry is planning to open a new chapter in cooperation with the French energy giant, Total, for the development of Iranian oil fields.
Iran oil to hit 4.7 million bpd ‘soon’
Iran has the biggest hydrocarbon reserves in the world and deems itself responsible for the world’s energy security, said Zanganeh.
What will happen when Iran’s oil is back on the market?
Fararu, an Iranian news website, has predicted that Iran’s return to global oil markets will bring about a positive change for both producing and consumer nations.
Boosting oil exports top priority for Iranian Oil Ministry: Zanganeh
The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.
Iran has no plan to offer discounts on gas exports to Turkey
The NIGC chief has said that the result of The Hague arbitration will be out later this year and Turkey’s gas complaint will not affect Iran’s natural gas exports to Turkey.
Is $50 per barrel oil in the offing?
An increase in OPEC output, a hike in the number of American oil rigs and Iran's likely production increase contribute to the decline in oil prices.
Iran vows to double oil exports after sanctions lifted
Iran’s deputy oil minister says oil exports will reach 2.3 million barrels, compared with around 1.2 million barrels a day today.
Report: Turkey in talks to buy Iran fuel oil
Turkey is discussing imports of fuel oil from Iran which is running a surplus of the product amid a decline in domestic consumption, local media said on Thursday.
Iran buys ‘most advanced’ oil vessel
An Iranian energy official has said as many as 30 European and Asian companies have held talks with Iran in recent months to invest in the country’s oil and gas projects.
Iranian official rejects reports on energy talks with US companies
Hosseini said Iran has already held negotiations with major European energy giants.
Iran’s return to oil market gradual: Zanganeh
Zanganeh said oil market stability through balanced supply and demand will remain a priority for OPEC under all circumstances.
Pakistan is counting the cost of its blind obedience to the US
The US has warned energy-poor Pakistan against implementing a gas pipeline project with Iran to counter the growing presence of China in the Muslim country.
Asia refiners renew Iran crude purchase deal
Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.
Iran cites key oil technology success
Iran’s Oil Ministry has said its experts have been able to build a gas microbubble generator which facilitates drillings into oil wells.
Berlin after energy deals with Tehran: Official
The German foreign ministry spokesman has said a final nuclear deal between Iran and P5+1would help set the stage for energy cooperation between Tehran and Berlin.
Italy’s giant energy company ‘Eni’ eyes role in Iran
Officials from Eni conducted negotiations with the Iranian oil minister a few days ago on development of Iran’s joint fields, said Abdolreza Haji Hosseininejad.
Iran breaks US monopoly in production of industrial lubricant
Iran has broken the US monopoly in production of an industrial lubricant, which is a strategic oil product, says an oil expert.
Iran seeking to increase oil exports to pre-sanctions level: Minister
It is expected that the OPEC members provide space for an increase of Iran's oil production in the global markets, said Zanganeh.
Total says interested in Iran comeback
Iran has the world's second largest gas reserves after Russia, and we will consider returning to this country once sanctions are lifted, said the CEO of French energy giant Total
Asia oil buyers set to enhance Iran imports
If sanctions are removed, there’s a big chance that demand for Iranian oil will recover in Asian nations like South Korea, China and Japan, according to analysts.
Energy cooperation with China ‘strategic’: Zanganeh
Countries which cooperated with Iran under sanctions will be given priority in post-sanctions era, said the oil minister.
Iran says it will start exporting electricity to UAE soon
Iran will soon start exports of electricity to the United Arab Emirates through a subsea power line.
Iran’s light crude price rises by $9
The government envisages different scenarios with regard to oil prices and prepares itself for any rate, said the economy minister.
Russia, Iran sign new agreement on Bushehr power plant
The two sides came to the agreement that Roseenergoatom, a subsidiary of Rosatom, will take part in building new power stations in Bushehr.
Iran to provide Iraq’s Kurdistan Region with gas, gasoline
Iran has signed a memorandum of understanding with Iraq’s Kurdistan to export gas and gasoline to the semi-autonomous region.