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EU Plans for Iran Gas Imports If Sanctions Go

- The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier. -Reuters - 9/25/14

Iran ready to supply Europe gas via Austria: President Rouhani

- Iranian President Hassan Rouhani says the Islamic Republic can be a reliable supplier of energy for Europe, adding that Tehran is ready to transfer gas to the European countries via Austria. The Iranian president made the remarks in a Tuesday meeting with his Austrian counterpart Heinz Fischer in New York on the sidelines of the 69th UN General Assembly meeting. - 9/24/14

Oil prices suffer steady decline

- Oil prices have fallen below $100 a barrel for the first time in the past 14 months. Reports on Monday September 8 indicate that Brent North Sea Crude oil is now priced at $99.95 a barrel. - 9/10/14

Iran sees no limits to expansion of economic ties with Russia: Oil Minister

- Iran sees no limits to expand economic ties with Russia, Iranian Oil Minister Bijan Namdar Zanganeh said. Iran and Russia will hold their 11th joint economic committee meeting in Tehran on September 9-10. - 9/7/14

Iran to continue bypassing illegal US sanctions: Oil Minister

- Iran's Oil Minister Bijan Namdar Zanganeh says the Islamic Republic will continue to get around sanctions after the US government penalized dozens of Iranian and foreign companies for violating sanctions imposed on Tehran. - 9/4/14

Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom

- After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil. -Bloomberg - 9/4/14

Is the lack of clarity about the Iran-Russia oil-for-goods deal intentional?

- Nader Habibi unpacks the possible motivations for the mixed signals from Moscow and Tehran regarding a proposed oil-for-goods deal between the two countries. Both countries, he argues, face domestic opposition to the deal but want to maintain the possibility of a deal as a hedge against tightening Western sanctions. -Iran Matters - 9/1/14

13 European, Asian firms ready to invest in Iran gas projects

- Four British and French companies, three Japanese companies, two South Korean companies, and four Chinese companies, as well as four Iranian companies, are prepared to invest a total of $15 billion in Iranian gas projects, the ISNA news agency quoted Soheilipour as saying on Sunday. - 8/18/14

Iran to construct largest oil terminal in Oman Gulf

- Director of Iranian Oil Terminal Company has said the country has been constructing oil terminal in Jask (Hormozgan Province) with capacity of 2.5 billion barrels per day. - 8/16/14

Is Turkmenistan Losing Iran As A Gas Customer?

- It appears Turkmenistan is about to lose its second-best customer for natural gas, Iran. Iranian Oil Minister Bijan Namdar Zanganeh said on August 11 that his country no longer needed gas from Turkmenistan. Zanganeh went so far as to say, "Iran is importing Turkmen gas just because it is important to promote political and economic relations with Turkmenistan." -RFE - 8/15/14

Iran's largest wind farm comes on stream

- The first phase of Iran's largest wind farm came on stream on Monday in the town of Takestan, which is located in the northwestern province of Qazvin. The wind farm has a power generation capacity of 20 megawatts (MW) in the first phase, which was put into operation at a cost of 30 million Euro, the IRNA news agency reported. - 8/12/14

Iran ready to supply energy to Europe via Nabucco

- Iran is ready to provide Europe with gas requirements through the Nabucco pipeline, Ali Majedi, Deputy Oil Minister in charge of International Affairs said on Saturday. Speaking to IRNA, he noted that since Europe seeks to diversify its energy resources, Iran by having the biggest gas reserves can provide Europe with parts of its energy needs through Nabucco pipeline. - 8/9/14

Could More Iran Sanctions Roil Energy Markets?

- Could the collapse of Iran nuclear negotiations cause havoc at the gas pump this summer? While negotiators from the P5+1 and Iran are meeting this week for a final marathon session to see if a comprehensive solution can be reached as to Iran's nuclear program, a perfect storm could await world energy markets if the talks fail to produce a deal. -Wright Smith, NIAC - 7/14/14

Tehran's daily power outages bring call for restraint

- Tehran is facing a daily power outage that lasts for hours. The Shargh daily reports that the first days of summer in Tehran have been accompanied by repeated power outages lasting four to five hours. - 7/4/14

Iraqi Turmoil And the Global Oil Market

- According to the Energy Information Administration (EIA), Iraq has the fifth largest proven oil reserves in the world. Yet 90 percent of its resources are unexplored, mainly due to years of war and sanctions. Production costs in Iraq might be some of the lowest in the world, yet its production has never exceeded 4 million barrels a day (mb/d). -Sara Vakhshouri - 7/1/14

Russian Nuclear Company To Build Two New Reactors For Iran

- Iran has announced that Russia's state nuclear power company will construct two more reactors at the Bushehr nuclear power plant. Behrouz Kamalvandi, spokesman for Iran's Atomic Energy Organization, said he expects the deal will be signed with Russian company Rosatom later this week. Kamalvandi said the two new units should start operation within five to six years. - 6/24/14

Is Qatar plundering Iran's share in the South Pars joint gas field?

- The South Pars gas field, which is the largest single gas field in the world, is a joint gas field in the Persian Gulf in the borders of Iran and Qatar. While Qatar has succeeded to use these resources in the line of achieving the highest per capita income in the world, Iran had hardly been able to do anything other than supplying gas to its own domestic consumers in subsidized prices. -Bahman Aghai Diba - 6/19/14

Iran introduces $100B in oil projects at World Petroleum Congress

- The National Iranian Oil Company has introduced 41 projects, valued at $100 billion, to foreign investors at the 21st World Petroleum Congress, which opened in Moscow on Monday and runs until Thursday. - 6/19/14

Insurgents Attack Iraq's Largest Oil Refinery, Iran Vows Action

- On June 18, Iranian President Hassan Rohani said Tehran would do whatever it takes to protect revered Shi'ite shrines in Karbala, Najaf, Kadhimiyah, and Samarra against ISIL fighters. Speaking in a live televised address in Khoram-abad, near the Iraq border, Rohani said "Dear Karbala, Dear Najaf, Dear Kadhimiyah and Dear Samarra, we warn the great powers and their lackeys and the terrorists, the great Iranian people will do everything to protect them." - 6/18/14

Iran suspends plans to build refineries in 3 Asian countries

- Iran has suspended plans to build four refineries in Syria, Malaysia, and Indonesia, the managing director of the National Iranian Oil Refining and Distribution Company said on Sunday. - 6/9/14

Azerbaijan's Plans for Nuclear Power Raise Concerns

- At first glance, it doesn't add up; why is Azerbaijan, a country brimming with oil and gas, interested in developing nuclear power capacity? It's a question befuddling local experts and environmental activists in Baku. But the questions don't stop there. -Shahin Abbasov - 6/5/14

US suspends Iran oil sanctions for six months

- The White House says President Barack Obama suspended sanctions on Iran's oil sector for six months. "The United States has committed to pause efforts to further reduce Iran's crude oil sales for a six month period under the Joint Plan of Action between the P5+1 and Iran," White House Press Secretary Jay Carney said. - 6/5/14

Asia's Early 2014 Iran Oil Imports Exceed Nuclear Deal Levels

- TOKYO -- Iran's Asian buyers kept their oil imports from the OPEC member in the first four months of 2014 above the level allowed by the deal that eases some Western sanctions on Tehran in exchange for curbs to its nuclear program. -Reuters - 5/31/14

Russia, China Finally Sign $400 Billion Energy Deal: Why Now?

- After almost a decade of negotiations, Moscow reached a 400 billion dollar energy deal with Beijing yesterday, allowing the Russian state-controlled Gazprom to export gas to China for 30 years. The key agreement guarantees long-term market access for Russian gas in the Asian market, where Russia has historically had a negligible market share. -Sara Vakhshouri - 5/22/14

Foreign Companies Strike Hopeful Note at Iranian Oil Fair

- As Iran and the West attempt to hammer out a deal over the country's nuclear program, there was a spike in participation by foreign companies at an annual oil & gas expo in Tehran -Kay Armin Serjoie, TIME - 5/19/14

Iran says politicized approaches could endanger world's energy security

- MOSCOW - Iranian Oil Minister Bijan Namdar Zanganeh has criticized any 'politicized approach' in the global oil market, saying it could endanger security of the market. Speaking on the sidelines of the 14th International Energy Forum (IEF) in Moscow on Thursday, Zanganeh said that politics should not disrupt the balance of the global energy market. - 5/18/14

Iran Says Ready To Supply Natural Gas To Europe

- Good diplomats find opportunities in crises, and Iran's policymakers seem to be following the rule. Amid rising tensions between the European Union and Moscow over Ukraine, Iranian oil officials have repeatedly said Tehran is ready to supply natural gas to Europe, which currently gets 30 percent of its gas imports from Russia. - 5/16/14

Chinese Companies To Invest 2.6 Billion Euros To Build Refinery In Southwestern Iran

- Chinese companies will invest 2.6 billion Euros to build a refinery in the city of Abadan in southwestern Iran. The new refinery will have an output capacity of 210,000 barrels per day, the Shana news agency reported on Wednesday. - 5/15/14

India's April Iran Oil Imports Drop as Buying Spree Cools

- India cut its monthly Iranian crude imports by 42 percent in April from March, in a further sign that Asian oil buyers are reining in an early-2014 spree that took Tehran's exports well past levels allowed under an interim deal with the West. -Reuters - 5/15/14

Iran to supply 400,000 oil bpd to China: Official

- Iran has renewed its oil export contracts with its Asian buyers, agreeing to deliver 400,000 barrels per day (bpd) to China, a senior Iranian oil official says. - 5/14/14

Over 600 foreign firms attending Iran Oil Show

- The 19th International Oil, Gas, Refining, and Petrochemical Exhibition of Iran (Iran Oil Show 2014) opened in Tehran on Tuesday with over 600 foreign companies from 32 countries in attendance. Over 1,200 Iranian companies are also participating in the exhibition. - 5/7/14

Deal for export of Iranian gas to Iraq finalized

- Deputy Oil Minister for International Affairs Ali Majedi said on Monday that the deal for export of gas to Iraq has been finalized. Majedi said laying pipeline to carry Iranian gas to Iraq has been worked out and negotiations with the Iraqi officials are under way to initiate export of Iranian gas to Iraq. - 5/5/14

Iran terminates contract with China oil giant

- Iran has terminated a USD 2.5 billion contract with a Chinese oil giant to develop a major oil field in the south of the country after the company failed to fulfill its obligations. - 4/30/14

As EU Reconsiders Russian LNG, Qatar Waits in Wings

- Throughout the Ukraine crisis, EU leaders have become more vocal about their interest in reducing Europe's consumption of Russian natural gas. As a result, Qatar - the world's number-one provider of liquefied natural gas (LNG) - is well positioned to play a more influential role in Europe's energy landscape. -Daniel Wagner, Giorgio Cafiero, and Sufyan bin Uzayr, IPS - 4/29/14

Energy deals key to Iran-Russia trade ties: Envoy

- At a meeting with Russian Energy Minister Alexander Novak in Moscow, Tehran's ambassador Mehdi Sanaei underlined the importance of the current year for promotion of Iran-Russia cooperation and called for the implementation of oil, gas and electricity deals signed between the two sides. - 4/27/14

Iranians Go Online To Vent Anger After Cut In Gasoline Subsidies

- Iranians have gone online to vent their frustration at the government after it slashed state subsidies on gasoline, a move that has seen the price at the pump skyrocket by up to 75 percent. The dramatic price hikes, which took effect at midnight on April 25, are expected to test President Hassan Rohani's support among a population fed up with stubborn inflation, rising costs, and high unemployment. -Frud Bezhan, RFE - 4/26/14

Iranians Face Sharp Increase In Gasoline Prices

- Iranian drivers lined up overnight at gas stations as the government raised the price of gasoline by up to 75 percent at midnight. Despite the increases, gasoline remains heavily subsidized and the retail price is among the cheapest in the world. - 4/25/14

Iran's crude oil, gas condensate exports hit $41.6b: Oil Minister

- Iran exported $41.6 billion worth of crude oil and gas condensate in the past Iranian calendar year, which ended on March 20, Oil Minister Bijan Namdar Zanganeh said on Wednesday. Iran's crude oil was sold at $104 per barrel on the average in the international market, the Mehr News Agency reported. - 4/24/14

The Need for Iranian Oil and Gas

- The sanctions campaign against Iran, which has gone on so long with such automaticity that means have become confused with ends, has been carried out with little regard for the damage the sanctions inflict on our own interests. Now with the standoff against Russia over Ukraine, another form of such damage should be noted: the sanctions against Iran reduce our leverage against Vladimir Putin. -Paul R. Pillar - 4/24/14

Oman Fights Saudi Bid for Persian Gulf Hegemony With Iran Pipe Plan

- Oman's plan to build a $1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Persian Gulf neighbors into a tighter bloc united in hostility to the Islamic Republic. -Bloomberg - 4/23/14

Iran to invest over $20b in joint oilfields with Iraq

- Iran will invest over $20 billion in development of the oil fields it shares with Iraq, IRNA reported on Wednesday. Iran's Oil Ministry is planning to increase oil extraction from joint oilfields with Iraq by one million barrels per day (bpd) in the current Iranian calendar year, which started on March 21, 2014. - 4/17/14

Iran ready to supply natural gas to Europe: Minister

- Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh says his country plans to play a significant role on the world gas market. - 4/15/14

Iran resumes petrochemical sales to EU states: Official

- A senior Iranian energy official says European countries such as Italy, Spain and Greece have resumed imports of petrochemical products from Iran. Iran's oil and petrochemical exports have increased following some sanctions relief on the Islamic Republic, including the EU and U.S. bans on the country's petrochemical exports. - 4/14/14

Iran to construct six oil refineries in Indonesia

- The head of Iran's Oil, Gas and Petrochemical Products Exporters Union says the Islamic Republic plans to construct six oil refineries in Indonesia. He added that a joint Iran-Indonesia consortium will be in charge of constructing the refineries, noting that the installations have a total refining capacity of 300,000 barrels per day. - 4/14/14

Iran to increase oil output to 5.7 million bpd by 2018

- Iranian Oil Ministry has a planned to increase oil output to 5.7 million bpd by 2018, Deputy head of the Majlis Energy Commission Ali Marvi said on Saturday citing the plannings presented by Oil Minister Bijan Namdar Zanganeh. - 4/12/14

The Ukraine Crisis: A Game-Changer in the Global Energy Market?

- Perhaps ironically, Iran could also benefit from these changing dynamics. Europe faces possible energy supply interruptions and high-energy prices in the short-term. With the nuclear-focused negotiations between Iran and world powers known as the P5+1 moving along, some European countries could once again rethink their bans on Iranian oil imports. -Sara Vakhshouri - 4/10/14

Sanctions On Russia Open Southern Corridor

- Amid events in Ukraine, the European Union is pondering how to decrease its dependence on Russian energy supplies. Already there is talk in Europe, and further away, that as the door to Russian resources closes a bit, the Southern Corridor should finally be opened and realize its potential. - 4/10/14

Gasoline consumption in Iran hits all-time record high

- Gasoline consumption hit all-time record high of 100.7 million liters in Iran on April 1. Iranians consumed around 1.5 billion liters of gasoline during March 18-April 4, according to the Mehr News Agency. - 4/5/14

Jask to become Iran's 2nd oil export terminal

- Iran's port city of Jask in the southern province of Hormozgan will turn into the country's second crude oil export terminal in the near future, a high-ranking Iranian official says. - 3/30/14

Iran Oil and Gas 2014 Summit in Dubai: Getting Involved in Iran Oil and Gas Pending a Future International Agreement

- The Iran Oil & Gas 2014 Summit, organised in Dubai on 23rd-25th June by International Research Networks Ltd will gather NOCs, IOCs, Governmental bodies, oil and gas Law Practices, Top Contractors and Associations as well as oil and gas Experts, Academics and Consultants to discuss new business opportunities in the country. - 3/26/14

Iran forecasts increase in oil, gas output

- Iran's crude oil output is forecast to increase by about 200,000 barrels per day to 4 million barrels per day, and its daily natural gas output is forecast to increase by about 100 million cubic meters per day to 400 million cubic meters per day, Iranian Oil Minister Bijan Namdar Zanganeh said on Monday. - 3/21/14

Iran plans to resume crude oil swaps

- Iran plans to restart crude oil swap operations, which were halted in June 2009 by the administration of former president Mahmoud Ahmadinejad. The decision to halt the swap activities compelled the Caspian Sea littoral states to choose other routes to deliver their oil products to international markets and also increased the smuggling of oil and oil products, Press TV reported. - 3/19/14

Russia, Iran Reach Preliminary Deal On New Nuclear Reactors

- Iran and representatives from Russia's state nuclear power company, Rosatom, have reached preliminary agreement on the construction of at least two more nuclear reactors. The two reactors would be built at Bushehr, where Iran's sole nuclear power plant, also built by Rosatom, is located. - 3/12/14

Rising gasoline imports let Iran stop production of dirty fuel

- The National Iranian Oil Refining and Distribution Company reports that Iran has tripled its gasoline imports. In the past three years, eight to 10 million litres of gasoline have been produced on a daily basis by petrochemical complexes in Iran, and according to experts, that has been extremely detrimental to air quality. - 3/6/14

Iran to pump gas to Baghdad by mid 2014

- Tehran and Baghdad have reached an agreement under which Iran will pump natural gas to its western neighbor in the coming months. Based on the agreement, 25 million cubic meters (mcm) of gas will be delivered to Sadr, Baghdad and al-Mansouryah power plants through a pipeline. - 3/5/14

Iran Says Pakistan Obliged To Finish Pipeline

- A report by the French AFP news agency on February 26 quotes Iran's Oil Ministry as calling on Islamabad to honor its contractual commitments and complete a pipeline for Iranian gas exports to Pakistan. - 2/27/14

Iran moves to stop use of dirty, substandard gasoline

- Iran's Oil Minister announced on Tuesday February 25 that the gasoline produced in petrochemical facilities is not up to standard and carries contaminants and will no longer be distributed in Tehran. - 2/26/14

Iran to attract $100bn under new oil contracts: Official

- Iran is predicted to attract USD 100 billion in investment in its energy sector over the next four years after its new model of oil contracts takes effect, a top official says. Mehdi Hosseini, who advises Oil Minister Bijan Namdar Zanganeh on oil contracts, made the announcement on Wednesday; three days after Iran unveiled the draft for its new oil contract terms. - 2/26/14

Iranian Oil Minister reveals extent of financial frauds

- Iranian Oil Minister Bijan Zanganeh has written on his Facebook page that his ministry has been dealing with financials frauds totaling more than four trillion rials. Babak Zanjani, an Iranian tycoon and Basij member, was arrested in November in relation to a debt to the ministry of $8.2 billion dollars. - 2/20/14

Iran, Turkey start talks on gas pipeline project

- Turkish daily Today's Zaman reported that the country has started talks with Iran to establish a pipeline to transfer natural gas from Iran to Europe through Turkish soil. The pipeline will stretch about 5000 kilometers. It starts from Iran and then reaches to central Turkey and Greece. - 2/14/14

Iran Plans to Offer Better Oil Exploration Terms Than Iraq

- Iran will offer international companies better oil contracts than OPEC-rival Iraq as the Islamic republic seeks long-term investment to revive its energy industry, a government adviser said. -Bloomberg - 2/14/14

Mideast Wary Over Iraq-Iran Plan to Unite in Oil Market

- Iraq is planning to triple its oil-producing capacity by 2020, hoping to leverage its natural resources in a power arrangement with Iran that could challenge Saudi Arabia's domination of the world oil market. -Jeff Seldin, VOA - 2/6/14

Iraq says Syria War Spillover Hinders Oilfields, Pipelines

- Spillover attacks from the civil war in Syria have hindered development of Iraq's gas and oil reserves and a major pipeline to the Mediterranean has been blown up dozens of times, Iraq's top energy official said on Tuesday. -Reuters - 1/29/14

Iran's oil sales rise as sanctions pressure eases - sources

- Iran's oil exports have picked up modestly in January for the third consecutive month, according to sources who track tanker movements, adding to signs that the easing of sanctions pressure on Tehran is helping its oil exports to recover. -Reuters - 1/22/14

Iran sees a 'big jump' in gas exports in 2015

- Iran will "witness a change in the revenues of the country from crude oil to natural gas," Owji said. He pointed to the country's goal to triple gas shipments to some of its neighbors, saying, "By signing new deals with Turkey and Iraq, Iran will increase natural gas exports to about 100 million cubic meters by next year from a current 35 million." - 1/20/14

Reported Russia-Iran Oil Talks Concern U.S.

- White House spokesman Jay Carney says the United States has raised concerns with Russia about reports that Moscow and Tehran are negotiating a barter agreement for Iranian oil. - 1/15/14

Iran's Oil Plans in 2014

- Iran's oil sector is like an ageing wrestler who could still surprise opponents with a show of strength. With this essential industry currently flat on its back, President Hassan Rouhani's team has to find a way to get their champion back on its feet. Meanwhile, international oil companies are looking on from the sidelines, and whispering some encouragement. -Robin Mills, LobeLog - 1/14/14

Iran's return to oil markets will not lower prices: Oil Minister

- The return of Iran to oil markets will not lead to a decrease in prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Monday. In a message to members of the Organization of Petroleum Exporting Countries (OPEC), Zanganeh also said that unconventional oil production from shale reserves by non-OPEC countries will not be a threat to OPEC. - 1/7/14

Iraq's Kurds Begin Oil Exports To Turkey

- Turkish Energy Minister Taner Yildiz says that crude oil from Iraqi Kurdistan has started flowing through a new pipeline that leads to the Turkish Mediterranean port of Ceyhan. - 1/3/14

Tehran governor-general urges import of Euro 4 petrol

- Tehran Governor- General Hossein Hashemi on Wednesday called for import of petrol to meet Euro 4 standard until self-sufficiency in production of high quality gasoline. Hashemi said low quality of the gasoline being consumed in Iran is the prime reason of air pollution in Iranian metropolitans. - 1/2/14

Iran building new generation of centrifuges: Salehi

- Iran is building a new generation of centrifuges for uranium enrichment, Atomic Energy Organization of Iran director announced in Isfahan on Thursday. "The new generation of centrifuges is being built. But all tests should be carried on it before mass production," Ali Akbar Salehi said, without elaborating. - 12/28/13

U.S. oil giants keep from lobbying over Iran

- Reuters reports that big U.S. oil companies are refraining from lobbying for expanding relations with Iran. According to Reuters, oil companies such as Exxon Mobil Corp. stand to gain huge profits from gaining access to Iranian oil through the easing of U.S. sanctions, as Iran has some of the world's largest and most cost-effective oil resources. - 12/24/13

Iranian pipeline workers killed in Iraq

- Eighteen Iranian and three Iraqi pipeline workers were killed in an armed attack by unidentified gunmen in Iraq. In recent months, violence in Iraq has escalated to levels not seen since 2008, and according to official reports, at least 7,150 civilians were killed in Iraq in 2013. - 12/15/13

Moscow, Tehran To Continue Nuclear Energy Cooperation

- Russia's foreign minister says Moscow wants to continue to help Iran develop its nuclear-energy industry. Sergei Lavrov said after talks in Tehran with his counterpart, Mohammad Javad Zarif, that "we see such interest on the Iranian side, and we know about Iran's plans to build more power units identical to Bushehr." - 12/13/13

Iran a Decade or More From Becoming a Major Gas Exporter

- The world's largest gas reserves may tempt some energy companies back to Iran if sanctions are lifted, but Tehran is unlikely to become a significant gas supplier to Europe or Asia for at least a decade. -Reuters - 12/11/13
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