Energy Investment in Iran

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

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 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 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.

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.

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.

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

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

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

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

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.  

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

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

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’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.

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

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.

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

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.

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

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

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.

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

Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.

China plans to allocate approximately $1bln for the implementation of Khoda Afarin Dam irrigation project, an Iranian parliamentarian announced.