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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Iran’s Oil Minister Javad Oji says the Islamic Republic has a good capacity to produce oil and gas and their commodities and is thus capable of partly relieving the energy shortage in the world.
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.
