Energy Market

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.

Iran Calls for More Energy Cooperation with Afghanistan

Iran’s Energy Minister says all-out economic relations between Iran and Afghanistan must be developed, especially in the energy sector.

Iran’s Gas Pipeline Network Unmatched in World: Rouhani

President of the Islamic Republic of Iran Hassan Rouhani has highlighted his administration’s major achievements in the oil, gas and petrochemical industries, saying the country’s natural gas delivery system is globally unique.

Three Energy Megaprojects Come on Stream in Iran

Iranian President Hassan Rouhani on Monday inaugurated three national large projects in the oil, gas and petrochemical industries.

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.

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