Friday, October 7, 2022

Energy Market

Iran’s new power plant to generate 6,000 MW of electricity by next year

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.

Oil minister: Russia developing 7 oil, natural gas fields in Iran

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.

Iranian oil minister says Tehran ready to meet Europe’s energy needs in winter

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.

Minister: Iran eyeing long-term regional energy deals

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.

Oil minister: Iranian gas condensate exports tripled in recent months

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

Raisi: Natural gas can shape future of world energy

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 among world’s top 14 power plant constructors

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

Iran joins countries exporting energy services to Europe

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

Minister: Natural gas swap with Turkmenistan to start soon

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.

Iran renewable energy confab, expo to start next week

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.

Iran to increase nuclear electricity generation capacity to 8MG

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 to Build‌ Its Largest Oceanic Port in Sea of Oman: Minister

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

Iran Begins Construction Work for Major Petrochemical Facility

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.

Iran Inaugurates 13 Major Water, Electricity Projects

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.

Iran’s Petrochemical Industry Reaching Self-Sufficiency

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

Bidboland Gas Refinery Symbol of Iran’s Resistance to Economic War

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, Iraq Sign MoU on Boosting Bilateral Economic Cooperation

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

International Water, Electricity Exhibitions Kick Off in Tehran

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.

‘Iraq to Pay for Energy Imports from Iran in Euros to Mitigate US Bans’

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 Opens Major Petrochemical Projects amid 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, Azerbaijan Discuss Closer Cooperation in Energy Sector

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

Iran, Russia Agree on Technical Cooperation in Oil Sector: Minister

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

Iran to Sell 2.3 Barrels per Day of Oil Next Year: President

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

Iran Puts into Service 3 Petrochemical Projects Worth $1bn

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

Iran Says Welcomes Barter Oil Trade amid Sanctions

The Iranian petroleum minister says Tehran welcomes barter trade in the oil sector now that the country is under the harshest sanctions ever.

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