Energy

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.

FPSO Vessel

Iran has signed a contract to buy FPSO vessel

Based on the contract signed of late, a floating vessel is to be used in the South Pars Gas field to exploit oil layers.
Iran Parliament

Iran parliamentary committee cuts National Development Fund’s share of oil

The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.
Pour Mohammadi

Enemy cannot prolong its pump war

Justice Minister Mostafa Pourmohammadi has said that Iran has managed to undo the destructive effects of the Western-imposed sanctions.
Saudi Oil

Sliding crude prices at the expense of alternative energies

Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.
Teyebnia

Tumbling oil prices have opened up an opportunity for Iran

Economy Minister Ali Tayyebnia has said that government is trying to turn the threat posed by falling oil prices into an opportunity for the country.
Energy

Iran to double renewable energy capacity, official

The Iranian government says it plans to double the capacity of wind and solar power generation across the country.
Supreme Leader-Rouhani-Venezuela

Common enemies use oil as political tool: Leader to Maduro

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says enemies are using oil as a political tool to exert pressure on oil exporting countries.
Rouhani-Venezuela

Aligned OPEC members can stabilize oil prices: Iran

Iranian President Hassan Rouhani says collective efforts by OPEC member states can help stabilize global crude prices at a desirable level in 2015.
Zangeneh-Iran oil minister

Iran, OPEC states pursuing sliding crude prices

Oil Minister Bijan Namdar Zanganeh has said that Iran and its fellow OPEC members are pursuing the issue of plummeting crude prices.
oil price

Falling crude prices unable to push Iran to soften tone

The Iranian oil chief has said that plummeting oil prices will not make the country change its steadfast positions and stances.

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