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

Iran ups oil prices for Asia: Report

IFP Media Wire -
Iran has raised the official selling price (OSP) of its Light crude oil grade for Asian buyers, a report says.
Energy

Saudi Arabia warns anti-Russian sanctions could result in energy shortages

IFP Media Wire -
Saudi Energy Minister Prince Abdulaziz bin Salman has warned Western sanctions against Moscow could result in a shortage of energy supplies in future.
Energy

Minister: Iran oil revenues up 40 percent, sets record in gas production

IFP Editorial Staff -
Iran’s oil minister says the country’s oil revenues have increased by 40 percent in the past 10 months compared to the same period last year.
Energy

US says to mount pressure on China to stop importing Iran oil

IFP Media Wire -
The US envoy on Iran says Washington will increase pressure on China to cease imports of Iranian oil. China is Iran’s biggest oil customer, according to reports.
Energy

Cold spell causes gas shortage in some Iranian cities

IFP Editorial Staff -
Natural gas shortage and outages have caused troubles for citizens in parts of Iran amid a persisting cold snap in the country.
Energy

Iran oil exports end 2022 at a high despite sanctions

IFP Media Wire -
Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite US sanctions, according to companies that track the flows.
Energy

‘Value of Iran’s sales of oil products reached $6bn in eight months’

IFP Editorial Staff -
The head of the Iranian Parliament’s Program and Budget Commission says the value of Iran’s exports of oil products reached 6 billion dollars over the past eight months, despite the draconian US sanctions in place against the country’s energy sector.
Energy

German political party says Berlin should buy gas from Iran

IFP Media Wire -
To meet its energy needs, Germany should negotiate with Iran on gas supplies, according to the leader of the far-right Alternative for Germany (AfD) party, Tino Chrupalla.
Energy

US bans preventing Iran from paying dues to OPEC: Oil minister

IFP Media Wire -
Iranian Oil Minister Javad Owji says US sanctions have prevented Iran form paying its dues to the Organization of Petroleum Exporting Countries (OPEC).
Energy

Oil ministers of Iran, Venezuela discuss closer energy cooperation

IFP Editorial Staff -
The oil ministers of Iran and Venezuela hold talks on ways to further expand bilateral energy cooperation, despite the tough American sanctions against both oil-producing nations.
Economy

Iran’s oil exports continue despite US sanctions: Raisi

IFP Media Wire -
Iranian President Ebrahim Raisi has stated that the enemy wanted to interrupt Iran’s trade with sanctions, but the country's oil and non-oil exports did not halt for a moment.
Energy

Foreign ministry: Iranian oil tanker seized by Greece, released

IFP Editorial Staff -
An Iranian-flagged oil tanker confiscated by Greece six months ago off the Greek waters, has left for its pre-designated destination, the Iranian foreign ministry announced on Wednesday.
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.
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