Energy

The CEO of the National Iranian Oil Refinery and Distribution Company says the country exported shipment after shipment of diesel to Afghanistan at a price of 1,100 dollars per ton last week.

Iraq’s Ministry of Electricity says the Arab country needs between 50 to 55 million cubic meters of natural gas from Iran, and that Baghdad is in talks with Tehran to increase its gas imports from the neighboring country.

Iran's Embassy in Greece has said Iranian oil stolen at the order of the US from a vessel carrying the crude in Greek waters will be returned to the Islamic Republic soon.

The Iraqi Ministry of Electricity says it is in talks with Iran for securing a rise in imports of natural gas from its eastern neighbor as Baghdad works to inaugurate new power plants fueled by natural gas.

Iran’s oil minister says the country, which sits on the largest oil and gas reserves of the world, is ready to increase its crude output to pre-sanctions levels in as short a time as possible.

Iranian Minister of Petroleum Javad Owji has stated Tehran, as a founding member of OPEC, will provide support and continue with its constructive cooperation with the organization, its secretariat and the cartel’s new secretary general as it did before.

The chair of the Iranian parliament’s foreign relations committee says Europe is trying to act as a mediary in the talks for revival of the 2015 nuclear deal to help get Iran and the US agree on a solution and that is aimed at providing for the continent’s energy needs in the winter.

Iran and Russia sit on 30 percent of the world’s gas reserves and energy deals between the two countries can elevate their standing in the world, an Iranian lawmaker says.

Greece’s Supreme Court has voted to uphold an appeals ruling in favor of Iran against the confiscation in April of an oil shipment, which later was handed over the US in what Tehran slammed as a blatant act of piracy.

Turkish President Recep Tayyip Erdogan says his country will increase oil and natural gas imports from Iran.

The Hungarian foreign minister says Iran’s more forceful return to the global energy markets will serve the interests of all countries.

Iranian President Ebrahim Raisi unveils the country's biggest solar panel production line in Markazi Province, in central Iran.

The CEO of the National Iranian Oil Company has said $25 billion out of the $40 billion agreement with Russia’s Gazprom is for the development of Iran’s gas fields and the completion of the LNG project and $15 billion for the development of 6 oil fields in Iran.

Iran will be able to pump natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, a senior official with the Iranian Oil Ministry confirmed.

Iran’s national oil company and Russia’s energy giant, Gazprom, have signed a major memorandum of understanding worth billions of dollars for a joint investment in oil and gas projects, despite sanctions on both countries.

The CEO of the National Iranian Oil Company has said the signing of strategic cooperation agreement between Iran and Russia is the biggest investment deal in the history of Iranian oil industry.

Iran, as the top producer of electricity in West Asia, is planning on signing long-term agreements in the electricity sector as part of its active diplomacy in the region, the Iranian energy minister says.

Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari says Iran has launched refineries in three countries for the purpose of making its oil operational.

Iran is implementing propelling plans to step up its petrochemical production capacity during the administration of President Ebrahim Raisi’s tenure by 54 percent, according to IRNA.

The Iranian oil ministry says despite sanctions imposed by the United States, Iran’s crude sales have remained so high that the budget deficit for the current fiscal year has been eliminated.

Iran produced 250 billion cubic meters of gas in 2020, which accounts for 6 percent of the global share and makes up for the loss of its share in the oil market due to sanctions, according to a repot by IRNA.

The Iranian oil minister says the development of the southwestern Azadegan oil field will generate an income of some $115 billion for the country as well as 24,000 jobs for people.

Mohammed Barkindo, the secretary general of OPEC, the powerful cartel of oil-producing countries, has passed away at the age of 63.

Iranian President Ebrahim Raisi says the signing of a memorandum of understanding to invest $7bn in the South Azadegan oil field, in the Persian Gulf, is an example of mobilization of domestic capabilities.

Iran’s oil minister says the project for development of Azadegan joint oil field in the Persian Gulf, will become operational with a 7-billion-dollar funding by a consortium of mostly private sector investors.