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 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.
Iran plans $50 billion of investment to boost recovery from its shared oil and gas fields, including 700,000 barrels per day of crude, Minister of Petroleum Bijan Zangeneh says.
Iran's oil minister says the Islamic Republic is determined to reclaim its share in global oil markets once sanctions imposed on the country’s energy sector are lifted.
A consortium of Iranian, Indian and South Korean companies seeks to set up an energy park in Iran’s Khuzestan province in a project worth $10 billion, including generation of 1,000 megawatts of solar power, the IRNA news agency says.
During the meeting, the two sides stressed the implementation and execution of the Joint Comprehensive Plan of Action (JCPOA) reached between Iran and the P5+1.
Water and electricity projects worth $50 billion have been defined and sent to President Rouhani for presentation to domestic and foreign investors, said Chitchian.
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.
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.
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.
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.
