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.

Taiwan Lifts Visa Restrictions for Iranian Applicants

The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.

Iran oil exports surpasses 2 million bpd

Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.

Iran Oil Export Up at 1.8 mb/d: NIOC Chief

Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.

Iran exports 7.1mn barrels of oil only in 2 days

Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.

Iran Supports Moves to Improve Oil Price: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.

Iran putting finishing touches to IPC contracts: Zangeneh

Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.

Doha to Dump Gas in India

The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...

Germany, Japan Propose Investment in Iranian Petrochemical Projects

Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.

No obstacle for implementation of Iran Pakistan Pipeline when sanctions are lifted

Pakistan has not fulfill its commitments towards  construction of a gas pipeline with Iran (IP) so far under the pretext ofsanctions, despite more than one year since the deadline specified in the contract. Now a high ranking Pakistani official says that there will be no problem and pressure from any third party to hinder construction of the pipeline upon lifting of sanctions.

Iran firing up first LNG project

The National Iranian Gas Exports Company (NIGEC) is in talks with foreign firms to sell part of its shares in the country’s “frontrunner” LNG scheme which has lingered for years amid sanctions.