Tuesday, August 16, 2022

Energy Market

Iran to Turn Jask Port into Oil Exports Hub: President

The Islamic Republic of Iran is to turn its Jask port in the south of the country into a major hub of oil exports.

Iran Leading Regional State in Terms of Power Generation Capacity

Iranian Minister of Energy Reza Ardakanian says the Islamic Republic is the leading country in the region in terms of installed power generation capacity.

Iran to Publicly Sell Shares of Four State-Owned Oil Refineries

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.

Time to Wean Global Economy Off Oil Earnings: Analyst

An analyst says recent developments indicate the world economy will no longer be dependent on oil revenues in the future.

Resolving Oil Market Issues Requires Global Cooperation: Iran Minister

Iranian oil minister says the OPEC alone cannot solve the problem of the oil market, noting that resolution of the oil market issues requires global cooperation.

Iran’s Largest Hydro Power Plant to Be Built in Yazd with Foreign Investment

Iran’s largest hydro power plant will be constructed in central Yazd province with foreign investment.

Tehran, Doha Agree to Work Together in Energy, Investment Domains

Iran and Qatar have agreed to work together in the fields of energy and investment, and to seriously pursue mutual economic cooperation after the fallout from the coronavirus pandemic is over.

President Inaugurates Major Energy Projects in Tehran Province

President of the Islamic Republic of Iran Hassan Rouhani has inaugurated a number of water and electricity projects in the province of Tehran, in which a total of 2.8 trillion tomans has been made in investment.

US Imperialism More Perilous than Coronavirus: Rouhani

Iran’s president says the US imperialism is a more dangerous virus than the novel coronavirus for human society.

Iran Exempted from OPEC+ Output Cut Deal: Minister

The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.

Oil Price Falls Most since 1991 War, Plunges to $31

Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.

Iranian Firm Manufactures Smart Electricity Metres

An Iranian knowledge-based company has managed to produce energy metres that are on a par with European counterparts in terms of quality, but at a much lower price.

Iran’s Petropars Developing South Pars Gas Field Alone

Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.

Iran to Open Pavilion at Omani Energy Exhibition

The knowledge-based companies from the Islamic Republic of Iran are going to take part in the Oman Petroleum & Energy Show (OPES) in March 2020.

Economist Explains Reasons for Advocating Fuel Rationing in Iran

One of the most fervent advocates of new regulations on fuel consumption in Iran says a series of public protests in the wake of a recent hike in the price of subsidized gasoline had other social reasons.

Iran Foils Enemy’s Plot to Launch Major Attack on Its Oil Pipelines

Iran says it has managed to foil the enemies' plot to blow up the country’s oil pipelines in Asalouyeh, apparently hatched in retaliation for Yemeni forces’ September attack on Saudi Arabia’s Aramco oil facilities.

Cash Subsidies Paid to 60m Iranians after Gas Price Hikes

A senior Iranian official says cash subsidies to improve the Iranian people’s livelihoods have been paid to some 60 million citizens in the past few days after gasoline prices were tripled.

Iran Leader Backs Government’s Gas Price Hike

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei has strongly supported the government's recent decision to ration gasoline and increase its price despite the sporadic protests across the country.

President, Speaker, Judiciary Chief Hold Meeting on Fuel Price Hikes

The recent decision to triple the fuel prices, which has caused sporadic protests across the country, was discussed on Saturday in a meeting of the Supreme Council of Economic Coordination.

Demonstrators Take to Streets to Protest Fuel Price Hike in Iran

Sporadic protests have erupted in various Iranian cities on Saturday one day after gasoline prices were tripled without any earlier announcement.

Iran Substantially Raises Gasoline Prices

Iran has begun rationing on the purchase of gasoline and substantially increased the price of fuel in a move to assist the needy.

Iran Oil Minister Gives Details of Newly-Discovered Oilfield

The Namavaran oilfield recently discovered in Khuzestan Province, south-west of Iran, is the country's second largest reservoir, Iranian Minister of Petroleum Bijan Namdar Zangeneh said.

New Large Oil Field Discovered in Iran: President Rouhani

The Iranian president says a large new oil field with proven reserves of 53 billion barrels of crude has been discovered in the country.

New Gas Field Discovered in Southern Iran

Iran has discovered a new gas field, called Eram, in the southern part of Fars province.

‘Iranian Oil Tanker Struck in Red Sea to Arrive Home within Days’

Iran says that its oil tanker hit by two missiles on Friday morning in the Red Sea near the Saudi port city of Jeddah is on the way back home and would arrive in Iran within 9 or 10 days.

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