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.

Energy

Data show Iran has exported around 19 bcm of natural gas in 2022

IFP Media Wire -
Figures by the Energy Institute (EI) shows that Iran exported nearly 19 billion cubic meters (bcm) of natural gas in 2022.
Economy

Iranian official says Baghdad has released $10 billion of Tehran’s blocked assets

IFP Media Wire -
Yahya Al-e Es'haq, chairman of the Iran-Iraq Joint Chamber of Commerce, has confirmed that the Iraqi government has released all of Tehran’s frozen assets, amounting to $10 billion worth of energy debts.
Energy

Minister: Iran to make 300 million dollars per annum by producing ethane

IFP Editorial Staff -
Minister: Iran to make 300 million dollars per annum by producing ethane
Energy

Iran’s Raisi inaugurates water transfer project in Kerman Province

IFP Editorial Staff -
Iranian President Ebrahim Raisi inaugurates a national project to transfer water from the Nesa Dam’s reservoir to the cities of Bam and Baravat in Kerman Province, southern Iran.
Energy

Official: Iran gas production 110-115m liters daily, meets demand for now

Mahdi Arman -
The secretary of Iran's refining industry union says the country’s refineries are producing 110 to 115 million liters of gasoline daily, which has met the local demand so far.
Energy

Iran says to increase output from oilfield shared with Saudi Arabia

IFP Media Wire -
Iranian Offshore Oil Company (IOOC) has announced that Tehran is preparing to hike its production from an oilfield that is shared with Riyadh in the Persian Gulf.
Energy

Iran installs heaviest platform at Phase 11 of South Pars Gas Field, Persian Gulf

IFP Editorial Staff -
Iran successfully completes the operation to install the heaviest platform of South Pars in place, as the country pushes to operationalize the Phase 11 of the giant Persian Gulf gas field.
Energy

Iranian oil minister: Good news ahead about oil sales

IFP Editorial Staff -
Iranian Oil Minister Javad Owji says the administration of President Ebrahim Raisi has succeeded in identifying good markets and capacities for selling crude. Owji noted that when Raisi took office, the oil exports were very low but this administration boosted them.
Energy

World Bank says Iran has become world’s 3rd largest energy subsidizer

IFP Media Wire -
Iran is the third-largest worldwide provider of subsidies for energy consumption, a new report by the World Bank shows.
Energy

Iran’s oil exports hit highest record in 5 years despite US sanctions

IFP Media Wire -
Iran's crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters.
Energy

Oil minister: Iran sold over 2.8 million refinery spare parts to Venezuela

IFP Editorial Staff -
Iranian Oil Minister Javad Owji says Tehran has exported over 2.8 million units of spare parts meant for reviving refineries in Venezuela, as the two states move to bolster trade ties in the face of US sanctions.
Energy

Data show Germany has resumed petroleum imports from Iran despite US sanctions

IFP Media Wire -
Berlin has resumed its petroleum imports from Tehran after five years despite a continued regime of US sanctions that bans any trade of energy products with Iran, according to a report.
Economy

Iraq releases $2.7bn of Iran’s blocked assets: Trade official

IFP Media Wire -
Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq announced on Saturday that Baghdad has released $2.7 billion worth of Iranian funds in gas export money frozen due to the US sanctions.
Middle East

Saudi Arabia says to slash oil output by 1 million barrels a day from July

IFP Media Wire -
Saudi Arabia announced the decision to expand voluntary cuts to its crude oil output from July in a bid to help efforts to reinforce global oil prices. The rest of the OPEC+ oil producers have already agreed to extend earlier cuts in supply through the end of 2024.
Energy

IEA says Iran’s oil output hits 2.750mn in April

IFP Media Wire -
The International Energy Agency (IEA) announced in its latest report that Iran’s crude production volume reached 2.75 million barrels per day (bpd) in April.
Energy

Iran president warns of western plots against OPEC

IFP Media Wire -
Iranian President Ebrahim Raisi said that several Western governments are seeking to sow discord between OPEC member states, calling on the organization's members to preserve cohesion and unity in order to foil the divisive schemes.
Energy

Iran, Pakistan open electricity transmission line at joint border

IFP Editorial Staff -
Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sharif have inaugurated an electricity transmission line at the joint border between the two countries in Iran’s southeastern province of Sistans-and-Baluchestan.
Energy

Iran ranks first worldwide in oil pipeline construction: Report

IFP Media Wire -
Iran has topped world’s leading countries in construction of oil transmission pipelines despite US-led sanctions targeting the country’s energy sector, according to a report.
Energy

Iran, Iraq extend natural gas agreement for five more years: Min.

IFP Editorial Staff -
Iranian Oil Minister Javad Oji says Iran and Iraq recently agreed to extend a deal to export Iranian natural gas to Iraq for five more years.
Energy

Iranian oil minister says crude production has exceeded 3 million bpd

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji says the country’s crude production under the administration of President Ebrahim Raisi has exceeded 3 million barrels per day over the past 20 months.
Energy

Oil prices fall on fears of US rate hike

IFP Media Wire -
Oil prices dropped on Monday as jitters over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data were enough to outweigh support from new OPEC+ supply cuts taking effect this month
Energy

Sources say US confiscated Iran oil cargo

IFP Media Wire -
The US has confiscated Iranian oil on a tanker at sea in recent days, three sources have confirned. It comes days later Iran seized an oil-laden tanker in retaliation, according to a maritime security firm.
Energy

Iranian president: Iran can be a pioneer in gas and oil industries

IFP Editorial Staff -
Iran’s President Ebrahim Raisi has said all countries are admitting that the Islamic Republic is now a pioneer in military and nuclear industries.
Energy

High-ranking Russian delegation to visit Iran, discuss economic, energy ties

IFP Editorial Staff -
An Iranian deputy oil minister says a high-ranking Russian delegation will visit Iran to discuss bilateral economic and energy ties.
Energy

Iran’s petrochemical industry projected to grow 3 tons in production

IFP Editorial Staff -
The CEO of the National Iranian Company of Petrochemical Industries has predicted a substantial increase in the capacity of the sector.
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