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.

Iran Conducting Oil Exploration Nationwide: Official

Surveys are being carried out all over Iran to explore new oil and gas reserves, the head of the National Iranian Oil Company’s Exploration Directorate announced.

Iran and Norway Ink Oil Industry Cooperation MoU

Iran’s Research Institute of Petroleum Industry and the Norway's International Aker Solutions Company inked a Memorandum of Understanding to cooperate in the field of oil and gas, an official said on May 9.

Rouhani: Parliament and Government Must Work Together for Economy and Environment

President Hassan Rouhani underlined that for economic growth to gather pace, the Parliament and Administration need to close ranks.

Iran Facing No Major Problem in Selling Oil: Official

There is no major obstacle to the sale of Iranian crude in international markets, an Iranian deputy oil minister for international affairs and marketing said.
Zangeneh-Press

Saudis Luring Oil Customers Away from Iran: Minister

Iran’s Oil Minister Bijan Namdar Zanganeh blamed Saudi Arabia for discouraging customers from buying Iranian crude and luring them away by offering lower prices.

PRTC Signs Cooperation Deal with SPEC

The Petrochemical Research and Technology Company (PTRC) and the Supplying Petrochemical Industries Parts, Equipment & Chemicals Engineering Company (SPEC) have signed an agreement to...

Warsaw Seeking Nuclear Cooperation with Iran

An AEOI spokesman said that Iran welcomes cooperation with Poland on nuclear science and technology.

‘30m Cubic Meters of Iranian Gas Is Wasted Each Day’

A senior Petroleum Ministry official has called for the private sector to step in and help recover billions of dollars from going to waste in Iran’s natural gas flares.

Tehran and Muscat Close Ranks to Tackle Oil Price Slump

A petroleum activist says that the implementation of the Joint Comprehensive Plan of Action (JCPOA) paves the way for investments in a ban-free Iran. Omani Minster of Oil and Gas Muhammad bin Hamad al-Rumhi says Iran and Oman are to join efforts in addressing falling prices in the oil market.

Iran’s Oil Exports Reaching Pre-Sanctions Level: President

Iranian President Hassan Rouhani said the country’s exports of oil will be soon equal to the level of the pre-sanctions era, noting that part of the banking problems will be also fixed.