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Iran
Thermal Plant
Russia to Finance and Build 1.4GW Power Station in Southern Iran
Russia has signed a new agreement with Iran, worth €1.4bn, to build a 1.4GW thermal power plant near the Strait of Hormuz, restarting a project that was first …
Nuclear Power Plant
Bushehr Nuclear Plant Expansion Continues
Russian Foreign Minister Sergei Lavrov told a press conference on 26 January that he had discussed with his Iranian counterpart Mohammad Javad Zarif the constru…
Crude Oil
Iran Claims it is Ramping up Oil Production to Pre-Sanctions Levels
Iran's output fell following US sanctions in 2018 over its nuclear ambitions
Crude Oil
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…
Oil & Gas Trade
Iran: Foreign Oil Firms Must Accept New Terms To Work In Country
Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
South Korea
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
Nuclear Policy
Iran Plans 20% Uranium Enrichment 'As Soon As Possible'
The move comes amid heightened tensions between Iran and the U.S. in the waning days of the administration of President Donald Trump, who unilaterally withdrew …
Oil & Gas Trade
Iran To Buy Covid Vaccines With Income From Gas Exports To Iraq
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe.
Hydropower Plant
Iran, Azerbaijan to Build Hydropower Plants at Common Border
Iran and Azerbaijan have agreed to reactivate the building of two hydroelectric power plants on the Aras river border, the Iranian Minister of Energy Reza Ardak…
Oil & Gas Trade
Minister Says Iran Welcomes Russian Companies' Investment in Oil Sector
Iran's Minister of Petroleum Bijan Namdar Zanganeh invited Russian companies to invest in his country's oil industry.
Oil Field
Iran Begins Drilling at Next Phase of South Pars Oil Field
Drilling operations at phase 11 of the massive South Pars oil field began last week, as Iran continues to build towards the recovery of natural gas from March n…
Oil & Gas Trade
Egypt, Iraq Move Forward with Oil-for-Reconstruction Plan
The oil-for-reconstruction agreement signed between Egypt and Iraq will enter into bilateral implementation as soon as constitutional procedures are complete, E…
Oil Pipeline
Iran Controls Oil Pipeline Spillage, Fire in Southwest
A pipeline carrying crude oil to Iran’s second largest refinery ruptured and burst into flames on Sunday, but the spillage and the blaze were brought under con…
Oil & Gas Trade
Iran Prepares For Oil Export Boost
Iran is preparing to start expanding its crude oil exports ahead of Joe Biden's inauguration in January in a clear sign it expects better bilateral relations wi…
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