Energy

Production of nuclear energy is cheaper than wind and solar energies and is not tied to any specific climatic conditions.

Almost a dozen areas across Iran are suitable for generation of geothermal energy.

A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.

Chief of Staff of the Iranian Armed Forces Major General Hassan Firouzabadi has said that Saudi Arabia has decreased crude prices to place pressure on regional countries which are fighting ISIL terrorists.

Iran’s foreign minister has said that Tehran is ready to promote all-out ties with Iraq, adding that Iraq’s progress and security is intertwined with that of Iran.

Iran's oil chief Bijan Namdar Zanganeh has ruled out reports that Tehran has signed a deal with Russia to barter oil for essential goods.

Consensus among all members will determine whether or not an extraordinary meeting of OPEC should be held in case global oil prices continue to drop, said the Iranian oil chief.

The oil projects are mainly in connection with South Pars and West Karoun oil fields and could fetch $40 billion worth of investment.

Shargh studies how the Iranian economy can effectively respond to an OPEC decision not to cut the production quotas of its members.

Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.

Under an MOU signed by Tehran and Yerevan, Iran is to be build a hydroelectric power plant in Armenia.

Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.

The Iranian president says crude price fluctuations will have an adverse impact on global economy.

The Iranian Economy Council has agreed to allocate 1.5 billion dollars in finances to a project which will take natural gas to Sistan and Baluchestan Province.

The Renewable Energy Organization of Iran says it is planning to generate 5,000 MW of clean power in five years’ time.

An Iranian oil company director says a final nuclear agreement between Tehran and G5+1 would see the return of world oil giants to Iran.

Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.

The Iranian oil minister says countries that hold talks with Iran before the lifting of sanctions will have an edge over others that wait until after the sanctions are removed.

Tehran and Islamabad appeal for conclusion of a deal to take Iranian natural gas to the Subcontinent.

An official says Iran has large-enough oil reserves to last at least six decades.

Iranian President Hassan Rouhani has inaugurated the second generating unit of an Iranian-financed hydroelectric power plant in Tajikistan.

Iran and Russia have agreed to use national currencies in bilateral trade.

The value of bilateral trade between the Islamic Republic of Iran and Russia can rise more than tenfold, Iranian Oil Minister Bijan Namdar Zanganeh says.

Iran says it has launched the largest gas storage facility in the Middle East in the northeastern province of Razavi Khorasan.

Iran's Consul-General in Peshawar appeals for efforts to expedite Iran-Pakistan pipeline.