Energy

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.

14 consortia ready to finance Iran-Iraq gas pipeline: Official

An Iranian energy official has said that 14 domestic consortia have voiced readiness to finance the construction of a pipeline that will transport Iran’s natural gas to Iraq.

Anti-Iran sanctions will be removed

The Iranian oil chief has said that the government and its nuclear negotiators have always been under the auspices of the Supreme Leader whose “expediencies and guidance” will help rid the country of sanctions.

Gas-sweetening solvents indigenized by Iranian researchers

Scientists at the Research Institute of Petroleum Industry in cooperation with the National Iranian Gas Company have indigenized solvents used in gas-sweetening units of refineries.

Iran launches world’s largest floating oil terminal in Persian Gulf

The 2.2-million-barrel floating oil storage unit (FSU) came on stream in Soroush oil region.

Tehran ready to ink regional convention on power plant safety: Iran nuclear chief

Iran is ready to create a regional safety convention for the supervision of the regional countries' power plant operations, said Salehi.

Pakistan will honor undertaking to lay gas pipelines on its side

Islamabad has said that it will fulfill its undertaking to lay gas pipelines on Pakistan soil, adding that gas imports from Iran will begin as of late 2016 or early 2017.

Iran starts laying new gasline to Iraq

The construction of the first pipeline which goes to Baghdad is almost complete and is to start carrying gas to the country by May, 2015.

Iranian oil exports to Asian states jump by nearly 20% in 2014

December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.

Iran has signed a contract to buy FPSO vessel

Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.

Iran parliamentary committee cuts National Development Fund’s share of oil

The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.

Enemy cannot prolong its pump war

Justice Minister Mostafa Pourmohammadi has said that Iran has managed to undo the destructive effects of the Western-imposed sanctions.

Sliding crude prices at the expense of alternative energies

Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.

Tumbling oil prices have opened up an opportunity for Iran

Economy Minister Ali Tayyebnia has said that government is trying to turn the threat posed by falling oil prices into an opportunity for the country.

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