Iran has built 7,405 megawatts of new capacity over the past three and half years, including 2,200 megawatts last year.
Iran has named 29 firms as being eligible to bid for oil and gas projects but they have been waiting for the country to finalize the new model before they move forward.
Russia’s Energy Minister Alexander Novak says the country has cut its production of crude oil by around 300,000 barrels per day (bpd) as part of an agreement with world’s oil producers to shore up global prices.
Iran has inaugurated a major solar power plant with an electricity production capacity of 10 megawatts per year.
Fresh signs have appeared that show European companies are gradually getting a strong foothold in Iran’s petrochemical industry.
Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, says Tehran expects Total to finalize an agreement over the development of South Pars Phase 11 “in less than a month”.
The international Iran Petrochemical Forum opened Saturday with the participation of industry experts, traders and petrochemical producers from more than 18 countries.
Dario Scaffardi, the general manager of Italy’s refiner Saras, says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012.
Iran’s President Hassan Rouhani has inaugurated a series of giant projects in the country’s natural gas hub of South Pars – projects that have now put the Islamic Republic in the lead over production from the field which it shares with Qatar.
Iran’s Oil Minister Bijan Zanganeh says the country supports the extension of an agreement by global oil producers to cut outputs.
South Korea took in 2.26 million tonnes of Iranian crude, or 534,368 barrels per day (bpd), in March, data from Korea National Oil Corp (KNOC) showed Saturday.
Iran says it expects its oil production to reach around four million barrels per day (mb/d) by next March.
India is currently Iran's second biggest oil client after China but there is still room for the two sides to return to levels before the sanctions when Tehran was New Delhi's second oil supplier.
Indian media say Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates.
Janos Lazar, the chief of staff of Hungary’s Prime Minister Viktor Orban, says Budapest is preparing to cooperate with Tehran over the joint construction of a small nuclear plant.
BP says the US Treasury Department has authorized it through a license issued in September 2016 to go ahead with operating the Rhum gas field that it jointly shares with the National Iranian Oil Company (NIOC).
Tanker tracking sources say Iran has sold all the oil it had stored at sea for years.
Iran says it is not concerned by India’s decision to cut oil imports from the Islamic Republic.
Iran says its total exports of crude oil and condensate have surpassed 3 million barrels per day (mb/d) – a level not seen for at least the past six years.
Total CEO Patrick Pouyanné says his company is trying to develop its own mechanism to carry out Iran-related banking transactions without falling afoul of US primary sanctions.
Iran has been ramping up crude oil production to win back its market share since sanctions were lifted on the country in January 2015 under a nuclear accord with world countries.
The offshore field in the Persian Gulf is estimated to hold reserves of 12.5 trillion cubic feet of natural gas with a lifetime of 30 years.
Iran’s gas delivery should have started in December 2014 but Pakistan has failed to complete its part of the pipeline under the contract signed back in 2010.
Iran says it is negotiating with Russia to carry out joint natural gas development projects.
Iran’s media say the country has delivered a major cargo of crude oil to Belarus through a key port in southern Ukraine.
Energy analysts say oil field development plans in Iran and Iraq are expected to drive the largest production growth in the Middle East over the next four years.
The National Iranian Oil Company is preparing to export 800,000 barrels per day of oil to Europe within the next two months.
Total became the first Western oil major to sign an energy agreement with Iran in February 2016.
Bloomberg says Iran is injecting huge amounts of natural gas into its aging oil fields to boost its production of crude oil.
The latest official figures show that South Korea’s imports of oil from Iran rose by about 54 percent in February from a year ago.
Iran would need to develop about 49 gigawatts of solar power, 77 gigawatts of wind energy and 21 gigawatts of hydropower to achieve a zero-emissions grid.
The latest shipping figures show that India’s imports of crude oil from Iran in February increased by about three times compared to the same period last year.
Linde Chief Executive Office Aldo Belloni says his company has revived plant-engineering contracts in Iran but cannot work on them due to money transfer problems.
Iran says it has started talks with South Africa over a strategic project to produce fuel from natural gas.
Indonesia says it wants to double imports of LPG from Iran from 500,000 tonnes to 1 million tones.
Iran says it understands why Total had to delay a decision to go ahead with the development of a key gas project in the country.
Iran says it may start talks with global energy giant Shell over the development of Kish gas field.
Top negotiator Abbas Araqchi shrugged off concerns about the new US president’s commitment to a landmark nuclear accord with Iran.
Reports say Iran’s exports of crude oil to Europe surged after the EU lifted most of the trade and financial restrictions against the country in January 2016.
Figures show that imports of Iran’s crude oil by Asia's four main buyers increased by about 70 percent in January.
Total is reportedly in talks with Iran to buy a major stake in one of the country’s main liquefied natural gas (LNG) projects.
Iran’s Oil Minister Bijan Zanganeh says OPEC’s level of compliance with production cuts in January has been satisfactory.
The two countries are currently discussing the terms of a potential agreement, with a deal expected to be reached "within weeks."
Indonesia says it is looking into the prospects of purchasing crude oil from Iran through long-term supply agreements.
Figures show Iran exported 24 million barrels of condensate to Asian and European clients in January.
Germany's BASF says it is in talks with Iran over possible investments in the Iranian oil industry.
Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.
Iran is set to sign a contract with Russia in 15 days to sell 100,000 barrels per day of oil to Moscow.
Iran and Russia launch project to construct a thermal power plant.
Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country within the next few days.
Iran and Iraq have signed a basic agreement that envisages exporting Iraqi oil through the Iranian territory.
Zangeneh and his Iraqi counterpart Jabar al-Luaibi are expected to sign two agreements worked out by the two countries in January.
Total sealed a deal in November to develop Phase 11 of South Pars but there have been reports that the company was having second thoughts about the plan.
Iran has reported a major rise in exports of crude oil to France in January.
Iran says it has discovered major reserves of shale oil in the western parts of the country.
Reports say Belarus has purchased its first ever cargo of crude oil from Iran, a fresh sign that shows how the Islamic Republic is already extending its reach to consumption markets in northern Europe.
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran.
Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas.
Poland's second-biggest refiner Lotos says it is looking into sealing a long-term oil supply deal with Iran.
Total says it will make a final investment decision over the development of Phase 11 of Iran’s South Pars gas field before summer.
Minister of Petroleum Bijan Zangeneh made the remarks after talks with his Venezuelan and Omani counterparts in Tehran on Tuesday night.
Iran’s Oil Minister Bijan Zanganeh says talks over a project to export natural gas to Oman through a subsea pipeline will be finalized in early March.
The pipeline between the cities of Bazman and Zahedan in Sistan and Baluchestan province exploded as workers tried to test it.
Iranian Deputy Oil Minister Amir Hossein Zamaninia says US firms do not face any restrictions for work in Iran but American sanctions make such activities impossible.
The National Iranian Oil Company confirms that huge reserves of oil and natural gas have been found in the country.
NIOC has pushed back a deadline for bids on oil and gas projects to February 15.
Iran says France’s Total has officially started the development of a major project in the country’s southern energy zone of South Pars.
The biggest deal is reserved for Japan’s Marubeni, Chiyoda and Mitsui companies to upgrade Isfahan refinery.
Iran's oil minister says his country imposes no ban on US companies.
Four major buyers of Iranian crude oil more than double their imports in December.
An official says Lukoil is in talks with the National Iranian Oil Company about developing the Ab Teymour and Mansouri fields in western Iran.
Iran has exported several hundred thousand barrels of condensate to Japan.
Iran has reportedly started sending its first direct shipments of crude oil to Europe.
Tanker data released by Bloomberg show that Europe is preparing to get the biggest oil flows from Iran in five years this month.
Turkmenistan says it is ready to resume talks with Iran over a dispute on gas exports that has already led to a halt in supplies to its southern neighbor.
Austria’s OMV and Iran’s Dana Energy have signed a basic agreement over cooperation in Iran’s oil and gas development projects.
The order volume is in the “high double-digit million euro range,” with commercial operation expected by the end of 2018.
Amir Hossein Zamaninia sees signs of President Trump having distanced himself from previous pledges against Iran.
The cargo of 280,000 barrels of naphtha was delivered to the Emiratis recently, with the second shipment being loaded for export.
IGAT-9 is a 35 billion cubic meter per year pipeline that Iran plans to use to send gas from its giant South Pars field to Europe via Turkey.
Iran says it is negotiation with China over a project to revamp its oldest and biggest refinery.
Russian firms will improve efficiency at Ramin power plant in Khuzestan province and build a 1,400-megawatt station in Bandar Abbas.
The first NITC tanker leased to a major Spanish oil company docked at the Port of Algeciras just recently.
Reuters says global ship insurers have reached a deal to provide full coverage for Iranian oil exports without involving US-domiciled reinsurers.
Iran expects to make as high as $41 billion in sales of oil and condensate by the end of March.
Figures show that South Korea’s imports of oil from Iran last December soared about eight times greater than a year ago.
Sri Lanka says it is still interested in purchasing crude oil as well as oil products from Iran.
Iran’s Deputy Petroleum Minister says Tehran’s total crude oil and condensate sales reached around $30 billion in the first 9 months of the current calendar Persian year which started on March 20.
Deputy petroleum minister says the country needs to attract huge investment to develop its thriving petrochemical sector.
Figures show that India’s imports of crude oil from Iran hit a record high in 2016.
Iran says it is ready to start exporting natural gas to Iraq.