Energy

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.

Economy

Canadian, Australian companies ready for gas cooperation

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

Iran’s oil industry needs $200 b. in investment: Minister

Emad Askarieh -
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.
Energy

Iranian, Pakistani FMs call for finalizing IP gas pipeline

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

Iran oil reserves to last 60 years: Oil Ministry official

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

Iran inaugurates hydropower plant in Tajikistan

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

Iran, Russia sign MoUs to boost economic, trade ties

Emad Askarieh -
Iran and Russia have agreed to use national currencies in bilateral trade.
Economy

Iran, Russia can boost trade exchanges tenfold

Emad Askarieh -
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.
Energy

Iran launches largest gas storage facility in Mideast

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

Envoy Calls for Early Completion of Iran-Pakistan Gas Pipeline

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

Iran, Azerbaijan to Cooperate in Caspian Sea Oil Production

Emad Askarieh -
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.
Energy

Iran starts testing Iraq gas pipeline

Emad Askarieh -
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.
Energy

Iran would enjoy oil, gas for next 60, 200 years

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

Oil tankers return to Iran’s ports

IFP Editorial Staff -
The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.
Energy

Iran Plans to Turn Jask Port into 2nd Oil Hub

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

No Plan for Russia’s Iran Oil Marketing

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

Iran Self-Sufficient in Diesel Fuel

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

Iran Defines Six-Point Gas Development Plan

IFP Media Wire -
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.
Energy

Iranian Hydroelectric Power Plants’ Output Rises by 9%

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

Russia builds 5 power plants for Iran

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

Iran would export gasoline next year

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

Iran top holder of worldˈs natural gas reserves: BP

Emad Askarieh -
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.
Energy

Official: Isfahan Refinery to Produce Euro-4 Gasoline

Emad Askarieh -
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.
Energy

Turkey extends contract to import Iran oil: Official

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

Iran, Russia Mulling $10bln Deal in Power Sector

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

‘South Pars to be completed by 2017’

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