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.

Security

IRGC seizes tanker in Persian Gulf for smuggling fuel

IFP Editorial Staff -
The naval forces of the Islamic Revolution Guards Corps (IRGC) have seized a foreign tanker in the Persian Gulf region for smuggling of 11 million liters of fuel.
Energy

Iranian oil minister to head to Russia following $40bn MoU for investment in Iran

IFP Editorial Staff -
Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit.
Energy

Nigerian ambassador says Iran to build refinery in the African country

IFP Editorial Staff -
The Nigerian ambassador to Tehran says Iran is planned to construct a refinery in his country as part of economic agreements signed with western African nations.
Energy

Iran oil minister: 100k of Iranian oil refined daily at offshore Venezuelan refinery 

IFP Editorial Staff -
Iran’s Oil Minister Javad Oji says 100 thousand barrels of Iranian oil is refined at an offshore refinery belonging to Venezuela.
Energy

Russia plans to develop 6 oil and 2 gas fields in Iran

IFP Editorial Staff -
The Iranian deputy oil minister says Russia’s state-run oil company Gazprom is going to develop six oilfields and two gas fields in the Islamic Republic.
Energy

Iran oil minister says the country to become regional energy hub

IFP Editorial Staff -
Iranian Oil Minister Javad Oji says the transit and swap of oil and gas from Russia will make Iran the region’s energy hub, and this will flow huge amounts of foreign currency into the Islamic Republic.
Energy

US accuses Opec+ of aligning with Russia

IFP Media Wire -
The White House has accused Opec+ of aligning with Russia after Saudi Arabi led the organization to deep oil production cuts, prompting a backlash from countries battling surging energy inflation triggered by Moscow’s invasion of Ukraine.
Energy

Oil minister: Iran can help Japan fulfill energy needs

IFP Editorial Staff -
Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs.
Energy

Report: Iranian crude, condensate reach Venezuela’s port

IFP Media Wire -
Two Iranian tankers have arrived in Venezuela with about 1.22 million barrels of Iranian crude and 2 million barrels of condensate, media reports citing documents from state oil company PDVSA say.
Energy

Iran invites Japanese investments in oil industry

IFP Editorial Staff -
Iran’s oil minister says the country is not waiting for the revival of the nuclear deal and is trying to attract foreign investments including those from Japan.
Energy

Iran says ready to help Lebanon meet energy needs

IFP Editorial Staff -
Iranian Foreign Minister Hossein Amirabdollahian expresses the country’s readiness to help Lebanon meet its energy needs, as the Arab country grapples with a severe energy crunch.
Energy

Former Iran official: Further delay in JCPOA signing means Iran will lose oil markets

IFP Editorial Staff -
The Iranian oil ministry’s former director of international affairs says further delay in the revival of the 2015 nuclear deal, JCPOA, means Iran will lose oil markets.
Energy

Official: Sabotage behind fire at Iranian oil field, production to resume soon

IFP Editorial Staff -
An Iranian oil official says the fire that briefly engulfed the Shadegan oil field in the southern province of Khuzestan was caused by an act of sabotage, and that the site will resume production operations soon.
Energy

Iran’s new power plant to generate 6,000 MW of electricity by next year

IFP Editorial Staff -
The deputy head of Iran’s thermal electricity company says 6,000 MW will be added to the country's power plant capacity by the summer peak of the next Persian year of 1402.
Energy

Minister voices Iran’s readiness to supply oil and gas to market

IFP Media Wire -
Iranian Oil Minister Javad Owji expressed Tehran’s readiness to supply oil and gas to the global market irrespective of politics and help improve energy security in the world.
Energy

“Iran has never used its gas and oil as leverage”

IFP Editorial Staff -
A senior advisor to the Iranian negotiating team in Vienna, Mohamamd Marandi, has criticized the Western policy of sanctions vis-à-vis Iran, saying the Islamic Republic has never used its oil and gas as leverage despite that it sits on huge reserves of them.
Energy

NIOC: Iran’s daily oil production capacity to top 4 million barrels in months

IFP Editorial Staff -
The head of the National Iranian Oil Company (NIOC) says the country will increase the capacity of daily crude production by 200,000 barrels to reach a total of 4,038,000 by the end of this Persian calendar year.
Energy

Former Iranian official: Europe eyes Iran, Venezuela oil, gas

IFP Editorial Staff -
A former official with Iran’s ministry of oil says Europe is pinning its hopes on gas supplies from Iran and Venezuela, both under US-speared sanctions, to replace the Russian gas before the winter.
Energy

Iran launches $1bn worth of project at South Pars gas field, in Persian Gulf

IFP Editorial Staff -
Iran’s oil minister says one billion dollars’ worth of projects became operational in the massive South Pars gas field on Monday, adding that another two billion dollars’ worth of projects will be launched in the near future.
Energy

Idle phase of Iran South Pars gas field to produce energy after 20 years

IFP Editorial Staff -
Iran’s oil minister says Phase 11 of South Pars gas field in the Persian Gulf which has been idle without any production for 20 years will produce 10 million cubic meters of gas in the winter of this year. 
Economy

Economy minister: Iran’s oil income 5 times more than last year

IFP Editorial Staff -
Iran’s minister of economy and finance says the Islamic Republic’s oil income has increased five-fold compared to last year and eleven-fold compared to the year before despite unrelenting US-led sanctions, raising hopes that many of the economic hardships in the country will soon be tackled.
Energy

Iran and Nigeria sign energy deals

IFP Editorial Staff -
Iranian Oil Minister Javad Owji says he is hopeful cooperation with Nigeria in the energy sector will improve following the signing of several deals between the two countries.
Nuclear

AEOI head: Iran seeking production of 10,000-megawatt nuclear power

IFP Editorial Staff -
The head of the Atomic Energy Organization of Iran (AEOI) says construction of a 10,000-megawatt nuclear power plant to generate electricity in line with production of clean energy is high on the agenda for the Iranian atomic energy organization.
Energy

Oil minister: Iran to set new gas production record at South Pars this year

IFP Editorial Staff -
Iranian Oil Minister Javad Owji highlights the development projects underway at the South Pars gas-condensate field and says the country will set a new record this year in the volume of production at the key field shared with Qatar in the Persian Gulf.
Energy

Oil minister: Russia developing 7 oil, natural gas fields in Iran

IFP Editorial Staff -
Iran’s oil minister says Russia is leading the development projects of seven oil and natural gas fields in Iran and the two sides are negotiating on contracts for 14 other fields.
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