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.


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.
oil price

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.
oil ship

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.
Iran - Pakistan- Pipe lie

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.
Oil refinery in India

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.

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