Thursday, June 13, 2024

Energy Investment in Iran

Foreign investors win bid to develop seven oil fields in Iran

Iran is pushing its policy to draw foreign investors in the oil sector by putting then on seven oil fields in the south of the country, the head of the National Iranian Oil Company (NIOC) says.

Minister: 33 oil projects made operating in Iran with a $12bn investment

Iranian Oil Minister Javad Oji says since the start of the current administration in Iran two years ago, 33 half-completed projects have been inaugurated using a $12 billion investment. 

Iran launches new Phase of giant Gas Field in Persian Gulf

Iran has inaugurated Phase 14 of the South Pars Gas Field in the Persian Gulf during a ceremony attended by President Ebrahim Raisi.

Development plan to fully launch at Iran’s oldest refinery: Official

An official at Iran’s Abadan Refinery says the first phase of a “development and stabilization” plan at the facility in southern Iran will be completed in the first half of the current Iranian calendar year.

Iran’s Oil, Natural Gas Industries Growing Considerably: Minsiter

Iran’s petroleum minister says the country's oil and natural gas industries have developed tremendously since the victory of the 1979 Islamic Revolution of Iran.

Iran’s Energy Achievements Prove Failure of US Sanctions: VP

Iran’s First Vice-President Es’haq Jahangiri says the country’s achievements in the fields of oil, gas, and petrochemicals indicate the failure of cruel sanctions against the Islamic Republic.

Iran, Iraq Resolved to Meet $20 Billion Trade Target: Energy Minister

Iranian Energy Minister Reza Ardakanian has highlighted Tehran and Baghdad’s determination to raise the value of annual trade exchanges to $20 billion, pointing to the major role that the private sectors and a joint investment fund could play in working towards that goal.

110 European Firms Ready for Oil Cooperation with Iran: Official

At least 110 small and medium-sized European firms have expressed their readiness to establish cooperation with the Islamic Republic of Iran in various areas of oil industry, an Iranian official says.

Russia to Make $50 Billion Investment in Iran’s Oil Industry

Russian officials have officially expressed their intention to make a $50 billion investment in Iran’s oil industry, a media report says.

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

Iran to Overtake Saudi Arabia on Petrochemical Market

Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.

Tehran, Rome Seal Deal on Building Solar Power Station

The Islamic Republic of Iran and Italy have clinched a contract on the construction of a solar power station.

Iran to Build Solar Power Plant with S. Korean Investment

Iran plans to build a new solar power plant in the Zarandieh town of Markazi Province as part of a project mainly funded by a South Korean company.  

Iran Opens New Solar Power Plant in Yazd

The first solar power plant in Iran’s Yazd province, jointly financed by Iran and Germany, was officially inaugurated on Saturday, February 3.

Foreign Investment in Iran Up %60 after Nuclear Deal

An Iranian official says foreign investment in the country has grown by 60% after the conclusion of the nuclear deal between Tehran and the six world powers

Iran, Russia to Boost Cooperation in Developing Oil, Gas Fields

A senior Iranian oil and gas official say Russia is in talks with the Islamic Republic for development of 10 oil and gas fields in Iran.

Iran Starts Construction of Mideast’s Biggest Solar Farm

Iran’s energy minister on Thursday inaugurated a project to build the Middle East’s largest solar plant in the country’s southeastern province of Kerman.

‘Iran Not Obliged to Contract Out Oil Projects to India’

An Iranian legislator says Tehran has no commitment to contracting out the development of its oil fields to India.

Iran, Japan Must Boost Energy Cooperation after JCPOA: Minister

The Iranian energy minister says Iran and Japan must make use of the atmosphere created after the implementation of last year’s landmark nuclear agreement between the Islamic Republic and six global powers to boost cooperation in the energy sector.

Iran Signs International Energy Charter Declaration

The Islamic Republic of Iran has joined the International Energy Charter after signing IEC declaration in the Japanese Capital, Tokyo.

Iran’s Petropars in Investment Talks with Royal Dutch Shell: Official

Iran’s Pertropars Company and the global energy giant Royal Dutch Shell are in talks to boost their investment strategies in the country's growing energy sector, following the removal of anti-Tehran sanctions, an Iranian official said.

Italy to Build Three Solar Plants in Iran

An Italian energy company is planned to construct solar power plants in three Iranian cities with a total capacity of 10 Mega Watts.

Iran needs $200bn oil investments

Iran said on Tuesday that it needs as much as $200 billion in investments to revamp its oil industry.

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.

Turkish oil company experts visit Amirabad port to invest

At the end of the meeting, the Turkish delegation visited the installations of the port.

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