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AEOI Chief: Interruption in operation of Bushehr power plant normal
Head of the Atomic Energy Organization of Iran (AEOI) Fereidoun Abbasi Davani said Wednesday that interruption in activities of the Bushehr nuclear power plant in southern Iran is ˈnormalˈ as the facility is currently in a pilot phase. - 3/15/13
Iran Oil Exports Seen Rising by IEA Even as Sanctions Widen
Imports from Iran rose to 1.28 million barrels a day in February from 1.13 million barrels in January, the Paris-based adviser to 28 oil-consuming nations said in a report today. U.S. rules took effect last month that require importers to pay in local currencies kept in escrow accounts, the agency said. -Bloomberg - 3/15/13
Photos: Ground broken for Pakistan section of IP gas pipeline
Construction of the Pakistan section of the Iran-Pakistan gas pipeline officially started on Monday. The project was launched during a ceremony on the Iran-Pakistan border attended by Iranian President Mahmoud Ahmadinejad and Pakistani President Asif Ali Zardari. - 3/12/13
Iranian, Pakistani Presidents Inaugurate Gas Pipeline
Iran and Pakistan have inaugurated the building of a natural-gas pipeline linking the two countries that has been firmly opposed by the United States. Iranian President Mahmud Ahmadinejad and his Pakistani counterpart, Asif Ali Zardari, led a groundbreaking ceremony in the Iranian port city of Chah Bahar on March 11 to mark the start of construction on the 780-kilometer-long Pakistani segment of the pipeline. - 3/11/13
Iran to build refineries in African states: source
Iran has come to terms with Algeria, Angola, and South Africa to build small refineries for them, the Fars news agency quoted an informed source as saying. Iran has also been holding talks with Pakistan to establish refineries there, the source said, adding the two sides will hopefully ink a deal in the near future. - 3/10/13
Iran Allocates 2.1 Billion Euro To Build Gas Condensates Refinery
Iran has allocated 2.1 billion Euro so far in establishing the Persian Gulf Star gas condensates refinery in southern Hormozgan province, IRNA quoted Hormozgan Province governor general Ebrahim Azizi as saying. The refinery is the largest gas condensates refinery in the world - 3/10/13
Iran, Iraq resume talks on gas deal
Iranian Oil Minister Rostam Qasemi has started a new round of talks with Iraqi officials in Baghdad, discussing the implementation of a previously signed deal with the Iraqi side to export Iranian gas to Iraq. - 3/9/13
Zardari Says Iran-Pakistani Pipeline To Go Ahead
Pakistani President Asif Ali Zardari has announced that Pakistan will go ahead with a long-delayed gas pipeline project with Iran despite objections from Washington. Speaking in Lahore on March 4, Zardari said the project, estimated to cost $1.5 billion, will be launched on March 11. - 3/5/13
Iran to establish NGL plant on Kharg Island in Persian Gulf
Iran will inaugurate a natural gas liquids (NGL) production plant on Kharg Island, which is located in the Persian Gulf, by the end of the next Iranian calendar year (March 2014). The project is now 50 percent complete, ISNA quoted Iranian Offshore Oil Company official Reza Bayazi as saying on Sunday. - 3/4/13
Indian Shipping Company Stops Carrying Iranian Oil
Mercator's tanker -- the "Omvati Prem" -- was the only ship with local emergency insurance available for charter by Indian refiners when sanctions from the United States and European Union were imposed on ships carrying Iranian crude oil. - 3/2/13
Iranian firm wins contract to build Pakistani portion of IP project
'Express Tribune' quoting sources reported that Iranian firm Tadbir Energy has been awarded the contract to construct Pakistan's portion of the gas pipeline. It said the initialisation of the contract took place during a recent visit of a Pakistani delegation to Tehran. The pipeline construction will be formally launched on March 4 on the Pak-Iran border. - 2/28/13
Iran to revise policy of crude oil export: Oil Minister
Minister of Oil, Rostam Ghassemi, said on Monday that Iran will revise policy of crude oil export to produce high standard petrol and oil derivatives. Ghassemi said Iran can revise its policy of crude oil and gas condensates export and instead build advanced refineries to produce high value-added products. - 2/25/13
Iran to build $4 billion refinery in Pakistan
Iran has agreed to build an oil refinery in Pakistan at an estimated value of 4 billion dollars, a senior Pakistani official says. Asim Hussain, an adviser to the Pakistani prime minister, said that the refinery will be constructed in the port city of Gwadar. The plant will be able to refine 400,000 barrels a day. - 2/23/13
Iran's recoverable oil reserves increase to 157 billion barrels
Iran's recoverable oil reserves have been increased to about 157 billion barrels up to now in the current Iranian calendar year, which ends on March 20, Iranian Oil Minister Rostam Qasemi announced here on Sunday. Some 14 billion barrels of crude oil reserves have been discovered since the beginning of the current year, of which 3 billion barrels is recoverable, ISNA quoted Qasemi as saying. - 2/17/13
Photos: Iran inaugurates $590 million NGL plant
Iran inaugurated a $590 million natural gas liquids (NGL) plant on the Persian Gulf island of Siri. It is projected that the Siri NGL plant will have about $500 million of sales annually, the Shana News Agency quoted National Iranian Offshore Oilfields Company Managing Director Mahmoud Zirakchianzadeh as saying on Thursday. - 2/16/13
Iran Installs New Enrichment Centrifuges, Holds IAEA Talks
Iran has announced it has started installing a new generation of machines for enriching uranium at its main facility making nuclear fuel. Iranian media quoted Fereydun Abbasi-Davani, head of Iran's Atomic Energy Organization, as saying on February 13 that new centrifuges began to be installed at the Natanz site last month. - 2/14/13
Iranian Gas Rig Sinks In Persian Gulf; Iran Asks For Help To Recover It
Iran avoided a human tragedy when a fully manned 1,000-ton gas rig sank into the Persian Gulf last week without injuring any of the workers, according to Australia's News.com.au. -Huffington Post - 2/11/13
Iran not yet able to cut gasoline imports: MP
Iranian MP Mehdi Mousavinejad has said that cutting gasoline imports in the current time is not feasible, because domestic production does not meet demands. This is while Iran's Oil Minister Rostam Qasemi says the Islamic Republic will become an exporter of gasoline in less than two months. - 2/5/13
Iran Plans Nuclear Equipment Upgrade
Iran is planning to install new equipment at its main nuclear enrichment facility that could refine uranium much faster than its current machines. Iran says its nuclear program is strictly for peaceful purposes. - 1/31/13
Iran crude oil exports rise to highest since EU sanctions
Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions. -Reuters - 1/31/13
Tehran Bars Energy Exports To EU
Iran has formally banned all oil and gas exports to the European Union, an official said on January 27. - 1/28/13
Turkey Aids Iran Through Gold Trade
Banks in Turkey continue to send gold to Iran despite U.S. pressure to curb a booming gold-for-gas trade, which helps Iran skirt international sanctions. -Dorian Jones, VOA - 1/25/13
Samsung Total strikes Iran oil deal, lured by cheap fuel - sources
South Korea's Samsung Total Petrochemicals Co has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said on Friday. -Reuters - 1/25/13
China's December crude import from Iran 2nd highest in 2012
Official data show Iran's crude oil exports to China soared to their second highest level in December 2012, in spite of U.S.-led sanctions against the Islamic Republic's energy sector. - 1/23/13
Iran produces 500bm3 gas from gas field shared with Qatar
Iran has increased gas production from South Pars shared field with Qatar in Persian Gulf to 500bm3. - 1/22/13
Iran ends fuel subsidies for 1800cc and above cars
Iran has ended supplies of subsidized gasoline for cars with engines of 1,800cc and bigger, ISNA reported on Sunday. Iranians with cars pay 4,000 rials (33 cents) a liter for a monthly allowance of 60 liters and 7,000 rials a liter for larger volumes. - 1/20/13
French multinationals, Iran to team up in Lebanon energy projects
The French multinational energy corporations Total SA and GDF Suez SA have invited Iran to cooperate with them in oil and gas projects in Lebanon, according to the representative of a French company. - 1/20/13
Huge gas field discovered in northeast Iran
A huge natural gas field has been discovered in northeastern Iran, Central Oilfields Company Managing Director Mehdi Fakour has announced. "Details of the discovery of new natural gas reserves in the region will be announced by the National Iranian Oil Company" - 1/19/13
Iranian Nuclear Plant Back At 'Full Capacity'
The head of the country's Atomic Energy Organization, Fereydoon Abbasi Davani, said on January 9 that the Bushehr power plant in southern Iran was linked to the national grid on January 5 and "reached its full capacity of 1,000 megawatts" on January 8. - 1/10/13
Iranian MP blames gasoline for cancer rise among children
An Iranian Member of Parliament has warned that the gasoline produced in the country is having many adverse effects on Iranian children, giving rise to numerous forms of cancer at an early age. - 1/9/13
Iran to set up first national gas refinery costing $1.6B
The first gas refinery in Iran will be built at the cots of $1.6 billion, the Shana News agency reported. The Khatam-ol Anbiya Construction Headquarters will ink a deal by the next month with the National Iranian Central Oilfields Company to start designing processes. - 1/9/13
Iran denies its oil sales down 40 percent
The Ministry of Oil has denied the news of 40 per cent reduction in oil sale and 45 per cent in oil and gas earnings and said "any indirect statistics and quotations of the Oil Ministry and directors are illegitimate." - 1/9/13
Iran's Oil Exports Down 40 Percent Due To Sanctions
A top Iranian official says the country's oil exports have been slashed 40 percent in the past nine months by Western sanctions. Oil Minister Rostam Qasemi said on January 7 that the 40 percent decrease in oil sales was also accompanied by a 45 percent decrease in repatriating oil money. - 1/8/13
Iranian gas exports to be quadrupled in two years
Iranian Deputy Oil Minister says that the Ministry has plans to store gas from South Pars field in Iranian independent storage facilities. Javad Owji has unveiled Iranian gas export contracts, and said that within two years, Iranian gas export will be quadrupled. - 1/6/13
Middle East's first natural gas storage facility inaugurated in Iran
The first natural gas storage facility in Iran and the entire Middle East was officially inaugurated by President Mahmoud Ahmadinejad on Saturday in the city of Qom. The Sarajeh facility has the capacity to store 3.3 billion cubic meters of gas, ISNA reported - 1/5/13
Iran-Iraq alliance and the right price of oil
According to 'Financial Times' and the WSJ, reporting several times in 2012, Iran and Iraq are "strengthening their alliance inside Opec", raising concerns among Saudi-led moderate Arab Gulf producers that pricing discipline inside Opec will be disrupted. -Andrew McKillop, OilVoice - 1/3/13
Iran increases daily oil output by 150,000 barrels: Source
Iran has increased its oil production by 150,000 barrels per day (bpd) to 3.25 million bpd, an informed source told the Fars News Agency on Sunday. "Sanctions at the beginning of 2012 sharply cut Iran's oil output, but the situation is being improved, so that it is hoped to boost the output ever more and expand exports as well in 2013." - 12/31/12
Putin Calls EU Heads 'Wrong' on Energy Policy
Russian President Vladimir Putin has held talks with European Union officials at a summit in Brussels, discussing contentious issues such as energy, trade, human rights and policy on Syria. - 12/22/12
Iran and Turkmenistan Strike New Gas Deals
Tehran, Ashgabat have inked new deals, according to which Iran will resume gas imports from Turkmenistan in exchange for supplying oil and gas industry equipment to its northeastern neighbor. - 12/20/12
Iran discovers massive gas and oil reserves
While global hydrocarbon reserves are increasingly coming to an end, yesterday Iran announced that its scientists have discovered massive oil and gas reserve in Gulf of Oman, larger than total oil and gas reserves of the country. - 12/19/12
World largest petrochemical complex goes into production in Asalouyeh
An official figure in the Iranian National Petrochemical Company (NPC) said that world's largest ethylene producer has been launched in Asalouyeh. He also added that the West Ethylene Pipeline will begin operation. - 12/18/12
120 billion cubic meters of gas produced in Iran since March 2012
Since start of the current Iranian year, some 120 billion cubic meters of gas has been produced in Iran, Director of Dispatching Department of National Iranian Gas Company (NIGC), Hassan Montazer Torbati, said on Sunday. - 12/17/12
Iranians to pay much more for electricity
Iran's deputy power minister warns electricity rates will skyrocket in the coming year, because the current prices can no longer be sustained. - 12/15/12
OPEC Chief: Figures show Iran has not reduced oil production
The secretary general of the Organization of Petroleum Exporting Countries (OPEC) says figures show that Iran has not reduced its oil production. Abdullah al-Badri said that figures provided by Iran show that the country is producing about 3.7 million barrels per day - 12/15/12
Middle East's largest thermal power plant comes on stream in Iran
A thermal power plant, with a generation capacity of 2.8 gigawatts, was officially inaugurated on Tuesday in Pakdasht, a city near Tehran. The project started in 2003 and cost 270 Euro million plus 5 trillion rials to complete - 12/12/12
No sizable rise in crude oil demand expected for next year: Iran's OPEC Governor
Iranian governor to the Organization of the Petroleum Exporting Countries has said that there is no rise in crude oil demand is expected as U.S. and Europe are grappling with economic downturn. - 12/12/12
Big drop in Iranian oil exports: Report
According to Reuters, Iran's oil exports will fall to its lowest level since the EU and U.S. sanctions on Iranian petroleum sector took effect in July of 2012. The report adds that Iran's oil imports in November were 1.8 million barrels and in December they are predicted to fall to 834,000 barrels. - 12/8/12
Iranian company vying for French refinery
The Iranian company Tadbir Energy is bidding to buy the Petit-Couronne oil refinery from the French company Petroplus, which has gone into insolvency. - 12/7/12
Iran to raise oil production to over 5 million barrels per day: Oil Minister
Oil Minister Rostam Qasemi said on Sunday that Iran has the capacity to raise its oil production to over 5 million barrels per day by the early 2016. - 12/3/12
Iran starts developing gas field shared with Turkmenistan
Iran has started drilling the first exploratory well at the Afshar-1 gas field, which is shared with Turkmenistan. The Iranian section of the gas field measures around 9 square kilometers in area, equaling half the total area - 12/3/12
Drastic fall in Japan's use of Iranian crude
Japan reportedly reduced its Iranian oil imports by 60 percent in October of 2012 compared to the same month last year. - 12/1/12
Iran's hydroelectric power generation capacity stands at 9.5GW
The power generation capacity of Iran's hydroelectric power plants stands currently at 9.5 gigawatts (GW), IRNA reported on Wednesday. The actual output of the power plants is 7.6GW, according to the report. - 11/29/12
Oil up on US budget optimism, Middle East tension
Brent crude oil rose by more than $1 to reach $111 per barrel on Thursday on optimism that U.S. lawmakers would reach a deal on fiscal policy and as mounting tension in the Middle East intensified supply concerns. -Reuters - 11/29/12
Iran's oil revenues hit $118b in previous fiscal year
Iran's oil revenues during the Iranian calendar year of 1390, which ended on March 19, 2012, amounted to $118 billion, according to official statistics. - 11/27/12
Iran becomes chair of Gas Exporting Countries Forum (GECF)
Leaders of the world's biggest gas suppliers ended their first summit in Doha, Qatar on November 13. During the gathering, they restated the need for a fair gas price, while Iran, whose president was absent, warned that Western taxation could derail the energy market - 11/27/12
Iran plans to cut dependency on Turkmen gas imports
Iran has developed a plan to launch a new pipeline, aiming to boost gas supply to the Caspian Sea provinces and cut dependency on gas imports from Turkmenistan, the Mehr News Agency quoted National Iranian Gas Company's Managing Director Javad Owji as saying. - 11/27/12
Turkish politician reveals gold trade with Iran
Iran is trading gas for Turkish gold, the Turkish Deputy Prime Minister has revealed, confirming recent discussions about an increase in the Turkey-Iran gold trade. - 11/25/12
Iran's NDF allocates $1.5b for development of Persian Gulf oilfields
Iran's National Development Fund (NDF) has allocated $1.5 billion for developing the country's oilfields in the Persian Gulf, Iranian Offshore Oil Company Managing Director Mahmoud Zirakchianzadeh said on Tuesday. - 11/21/12
Iranian firm to manufacture 2.5MW wind turbines
Iran's MAPNA Generator Company will manufacture 2.5MW generators through indigenizing related technology by the next 1.5 years. Currently, Iran has the capacity to generate 10,000MW of electricity using wind turbines. - 11/19/12
Swiss won't fully comply with sanctions on Iran
Switzerland has refused to restrict transactions connected to Iranian oil exports, despite pressure from the European Union to join the international sanctions against Iran. - 11/17/12
Is Iran Resorting To An Insurance Scam To Keep Oil Exports Flowing?
Oil sales are vital to Iran's economy and its ability to continue financing its clandestine nuclear and ballistic missile programs. New evidence has emerged which raises the question of whether Iran is engaging in a giant insurance fraud, replacing private insurance with a patina of coverage shrouded in mystery. -Forbes - 11/16/12
'Iran has no gas shortage, has halted Turkmen gas imports': Oil Minister
Iran has stopped importing natural gas from Turkmenistan, the Mehr News Agency quoted Iranian Oil Minister Rostam Qasemi as saying on Wednesday. - 11/15/12
Oil Minister: $30bn investment needed in Iran's oil, gas industries annually
Minister of Oil Rostam Ghassemi says $150 billion should be invested in the oil and gas industries in the Five-Year Economic Development Plan, so $30 billion should be invested in the sector annually on the average. - 11/14/12
Report: US Could by 2017 Be World's Biggest Oil Producer
The International Energy Agency says that by 2017 the United States is likely to overtake Saudi Arabia as the world's biggest oil producer. - 11/13/12
Iran preparing to take control of Bushehr nuclear plant
Atomic Energy Organization of Iran Director Fereydoun Abbasi has announced that Iranian experts will make the preparations necessary to take over the full control of the Bushehr nuclear power plant in late 2012 or early 2013. - 11/11/12
Turkey will not reduce Iranian oil and gas imports: Energy Minister
Turkey will not reduce the oil and gas it imports from Iran when an exemption from U.S. sanctions expires on December 3, Turkish Energy Minister Taner Yildiz said late on Wednesday. - 11/9/12
Armenia, Iran Build Joint Power Plant
The construction of the plant is expected to take five years and will supply Iran with energy for the first 15 years of its operation before being handed over to Armenia. - 11/8/12
Iran to invest $40b in oil sector by March 2013: Oil Minister
Iranian Oil Minister Rostam Qasemi has said that up to $40 billion will be invested in the domestic oil sector by the end of the current Iranian calendar year (March 20, 2013), the Shana News Agency reported. - 10/31/12
Obama, Romney Differ on Energy Policy
President Obama and Governor Romney agree that the U.S. is too dependent on foreign oil. But their views differ significantly on how to reduce or even end that dependence to make the country energy self-sufficient. -VOA - 10/30/12
Iran producing 25 million liters of premium gasoline per day
Iran is currently producing 25 million liters of premium gasoline per day, meeting euro-4 and euro-5 standards, ISNA quoted National Iranian Oil Production and Distribution Company's managing director Alireza Zeighami as saying. - 10/30/12
Iran's electricity exports hits $5B
Deputy Energy Minister Mohammad Behzad announced here on Saturday that Iran's electricity exports have hit five billion dollars since the beginning of the current Iranian calendar year (March 20, 2012). - 10/27/12
China buying less Iranian crude
Iranian crude exports to China declined by 24 percent in September compared to the same month last year, Reuters reports. The most significant drop occurred in the first three months of the year following disputes over the terms of their agreement. - 10/25/12
Iran Warns Of Oil Export Halt If Hit With More Sanctions
Iran's oil minister, Rostam Qasemi, says Tehran will stop exporting oil if Western powers impose any more economic sanctions against that country over its disputed nuclear program. - 10/24/12
South Korea resumes oil imports from Iran
South Korea resumed the import of Iranian oil this month, using Iranian insurance companies to cover the shipments. - 10/23/12
Iran private sector exports over 20 ml barrels of crude oil
Iran's private sector crude oil exports have exceeded 20 million barrels with an average of 200.000 barrel per day. - 10/23/12
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