Energy Market

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

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 will be constructed in central Yazd province with foreign investment.

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 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.

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

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

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

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.

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.

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.

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 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.

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.

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.

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.

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

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

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.

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

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

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.

Iran has discovered a massive onshore gas field in the country’s south after a year of exploration, Fars news agency reported on Wednesday.

Iranian Minister of Petroleum Bijan Zangeneh says the Iranian company Petropars will develop the Phase 11 of giant gas field South Pars after the Chinese company CNPC International pulled out of the contract.

The cyberspace security centre of Iran president's office (AFTA) has in a statement rejected Western media reports that Iranian oil facilities and other vital infrastructure have been targeted by successful cyber-attacks.