Energy Market

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

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.

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.

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.

Iran’s Oil Minister Javad Oji says the country’s gas condensate exports have tripled in recent months.

Iranian President Ebrahim Raisi says natural gas can shape the future of energy in the world, stressing that gas exporting countries should use the fuel to prop up the global economic recovery after the coronavirus pandemic is over.

Iran is one of the top 14 constructors of power plants in the world, said a Ministry of Energy official on Wednesday.

Iran joined the countries exporting energy services to Europe for the first time by signing a memorandum of understanding (MoU) with Romania.

The Iranian oil minister says the country’s natural gas swap with Turkmenistan, to help it export to the Azerbaijan Republic through Iran, will begin from the turn of the year.

The 6th edition of Iran's International Renewable Energy Conference and Exhibition (Iran REC 2021) is scheduled to be held on November 20-21 in Tehran.

The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.

Iran is to construct an oceanic port in the Sea of Oman where the country’s largest oil terminal will be built.

Ground was broken on Saturday for the construction of a new petrochemical complex in the western Iranian province of Kermanshah with a total budget of $550 million.

Iranian President Hassan Rouhani has inaugurated 13 major national projects in the fields of water and electricity with an investment of over 4.7 trillion tomans.

The Iranian petrochemical industry will reach self-sufficiency with the help of a local knowledge-based company.

The deputy chief of staff of the Iranian President's Office for communications and information affairs has lauded the inauguration of Bidboland megaproject, a major refinery collecting associated petroleum gas, as the symbol of the Islamic Republic’s struggle with sanctions and economic war.

Iran and Iraq have signed a memorandum of understanding (MOU) on expansion of mutual economic cooperation.

Iranian Minister of Energy Reza Ardakanian has inaugurated the 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) in Tehran.

The Iranian energy minister says Iran and Iraq have reached an agreement under which Baghdad will pay for Iran’s energy sales to Iraq in euros in a bid to mitigate the problems caused by the US sanctions.

Iran has inaugurated five major petrochemical projects as part of its routine weekly program to put into service national projects across the country.

Iran and the Azerbaijan Republic have agreed to forge closer cooperation in the energy sector.

Iran’s oil minister says the country has reached an agreement with Russia for technical cooperation in the oil and gas sector.

Iran’s president says the world should know that the country will sell its oil next year.

Iran has inaugurated several major petrochemical projects, taking yet another step toward meeting domestic needs.