Energy

The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of oil in the Caspian Sea.

Iran has began pre-startup tests on a pipeline built to transport natural gas to Iraq to feed the country’s power plants, says an Iranian official.

NIOC deputy-manager for explorations has said the country would enjoy gas and oil reservoirs for next 60 and 200 years, respectively.

The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.

The President says his government plans to turn a port in the south into an oil hub.

Iran’s Petroleum Minister Bijan Namdar Zanganeh has dismissed reports of an agreement with Russia to sell oil for Iran.

Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel.

Iran has defined a six-point plan for the gas sector under the country’s sixth five-year economic development plan which starts in March 2015, director for planning of National Iranian Gas Company (NIGC) said.

The electricity produced by Iran’s hydroelectric power plants has witnessed over 9 percent increase since the beginning of the current Iranian year

Russian contractor Technoprom energy firm has negotiated construction of 5 power plants with Iran’s ministry of energy.

An official has said Iran would export gasoline beginning next year with operation of the news oil refinery.

The British Petroleum (BP) classed Iran, for the second consequent year, as the world’s top gas reserves holder with 33.8 trillion cubic meters, it was reported on Wednesday.

Iran's Isfahan refinery plans to start producing Euro-4 gasoline once the necessary catalyst is mass-produced in the country, a senior official announced.

Tehran and Ankara have renewed a bilateral agreement on the export of Iran’s oil to Turkey, an Iranian energy official says.

The Islamic Republic of Iran and Russia are working out a $10-billion deal in the power sector.

All phases of Iran’s giant South Pars natural gas field will be completed by early 2017, an Iranian energy official says.

A senior Iranian energy official says the Islamic Republic is prepared to export natural gas to European countries seeking to diversify their energy sources and gas supplies.

Iranian Energy Minister Hamid Chitchian called on the German companies to take part in Iran's water projects.

Some 32 world countries will be attending Iranˈs 19th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2014) to be held in Tehran on May 6-9.

Iranian Oil Minister Bijan Namdar Zanganeh announced that phase 12, the biggest development phase of the massive offshore South Pars gas field, south of Iran, will double gas production by the next month.

Iran is committed to increase gas export, First Vice- President Eshagh Jahangiri said on Monday.

India has significantly increased its oil purchases from Iran following the implementation of an interim nuclear deal between Iran and six world powers, a report says.

South Korea doubled its import of Iranian oil during the month of February.

Iran will need 30,000 of its new generation centrifuges and more power plants to meet domestic fuel demands, its nuclear chief has said.

Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh.