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.

Economy

India eyes LNG imports from Iran’s Chabahar Port

Golrokh Askarieh -
Iran has offered a proposed rate of $2.95 for each million British thermal unit of LNG that it plans to sell to India in the future, said the Indian union transport and shipping minister.
Energy

Iran gets first ever associated gas offer

Golrokh Askarieh -
The deal with the French company would cut Iran’s flaring of the associated gas in the offshore Persian Gulf fields by one-fourth.
Energy

Iran says draft of Iraq gas deal ready

Golrokh Askarieh -
Iran and Iraq are expected to sign the agreement within two weeks and exports of natural gas from Iran to Iraq will start accordingly, said Azizollah Ramezani.
Economy

Italy’s Fata inks $543 million Iran power deal

Emad Askarieh -
Italy’s Fata, the engineering unit of the country’s leading industrial group Finmeccanica, has signed a 500 million euro ($543 million) contract with Ghadir Investment Company to build a power plant in Iran.
Energy

President Rouhani, Foreign Ministry offer felicitations on Reporter’s Day

Golrokh Askarieh -
National Reporter’s Day on August 8 marks the martyrdom of IRNA correspondent in Afghanistan Mahmoud Saremi 17 years ago in the northern Afghan city of Mazar-i-Sharif.
Energy

Iran to unveil new oil contracts in London

Golrokh Askarieh -
New contracts with foreign companies will be signed in the Integrated Petroleum Contract framework which will be more attractive, said Zanganeh.
Energy

Iran to complete all South Pars Oil Field projects in 3 years: Minister

Emad Askarieh -
We are able to increase oil production by 500,000 barrels per day anytime we decide to do so, said the Iranian oil minister.
Energy

Executives of Italy’s oil giant in Tehran on Tuesday

Emad Askarieh -
Now that the prospect for the removal of sanctions imposed on the Islamic Republic is bright, ENI is willing to return to Iran, said Ali Akbar Farazi.
Energy

Pipeline taking Iran’s gas to Iraq ready in 20 days: Official

Emad Askarieh -
Testing a 100-km stretch of the pipeline has come to an end and the pipeline will be ready to transfer Iran's natural gas to its western neighbor in 20 days, said Alireza Gharibi.
Energy

Iran ready for energy cooperation with Armenia: Veep

Golrokh Askarieh -
In a phone conversation with the Armenian prime minister, Jahangiri stressed the necessity for expansion of Iran-Armenia relations.
Energy

Iran says piping gas to EU not economical

Golrokh Askarieh -
Exporting gas to nearby countries is much more cost-effective than taking it to Europe through a pipeline several thousand kilometers in length, said Alireza Kameli.
Energy

Shell, Eni say look to return to Iran

Golrokh Askarieh -
Shell is interested in returning to Iran in the fullness of time but did not expect any quick, easy deals.
Energy

Iranian oil minister, France’s Fabius confer on cooperation on energy

Golrokh Askarieh -
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.
Economy

Iran oil to hit 4.7 million bpd ‘soon’

Emad Askarieh -
Iran has the biggest hydrocarbon reserves in the world and deems itself responsible for the world’s energy security, said Zanganeh.
Economy

What will happen when Iran’s oil is back on the market?

Emad Askarieh -
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.
Economy

Boosting oil exports top priority for Iranian Oil Ministry: Zanganeh

Emad Askarieh -
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.
Energy

Iran has no plan to offer discounts on gas exports to Turkey

Golrokh Askarieh -
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.
Economy

Is $50 per barrel oil in the offing?

Emad Askarieh -
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.
Energy

Iran vows to double oil exports after sanctions lifted

Emad Askarieh -
Iran’s deputy oil minister says oil exports will reach 2.3 million barrels, compared with around 1.2 million barrels a day today.
Economy

Report: Turkey in talks to buy Iran fuel oil

Emad Askarieh -
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.
Energy

Iran buys ‘most advanced’ oil vessel

Golrokh Askarieh -
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.
Energy

Iranian official rejects reports on energy talks with US companies

Golrokh Askarieh -
Hosseini said Iran has already held negotiations with major European energy giants.
Economy

Iran’s return to oil market gradual: Zanganeh

Emad Askarieh -
Zanganeh said oil market stability through balanced supply and demand will remain a priority for OPEC under all circumstances.
Energy

Pakistan is counting the cost of its blind obedience to the US

Emad Askarieh -
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

Asia refiners renew Iran crude purchase deal

Emad Askarieh -
Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.
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