Iran to share power with Russia, Persian Gulf states
Iran plans to connect its national power grid with Russia and the Persian Gulf states, energy ministry caretaker said in Tehran on Saturday. - 11/7/09
Russia's Gazprom inks MOU for development of Iran's Azar oilfield
Iran's Petroleum Engineering and Development Company (PEDCO) and Russia's Gazprom signed a memorandum of understanding for development of Azar oilfield, west of Iran. - 11/2/09
Iran to import 33 million cubic meters of Turkmen gas by mid December
Iran's Oil Minister Massoud Mir Kazemi said the country is to import 33 million cubic meters of natural gas from Turkmenistan daily after the two sides ended construction of a new pipeline. He said the rise of gas import is planned to be concluded by mid December. - 10/31/09
Huge Oil, Gas Reserves Found In Western Iran
Considerable oil and gas reserves have been found in Khorramabad block, western Iran, the data collected by the Norwegian energy group StatoilHydro shows. Seismic operations and geological surveys carried out by StatoilHydro there indicate it is more probable to hit huge natural gas deposits at the block, the Mehr News Agency reported. - 10/30/09
House Committee Approves Expanded Iran Sanctions
A key congressional committee has approved legislation to expand sanctions against Iran because of its nuclear ambitions. The Iran Refined Petroleum Sanctions Act is aimed at placing additional pressure on Iran by punishing companies involved in assisting Iran's petroleum sector and gasoline imports. - 10/29/09
Iran, Turkey Ink Gas MOU
Iran and Turkey signed a memorandum of understanding in Tehran on Wednesday to broaden ties in the field of gas industry. Iranian Oil Minister Masoud Mirkazemi and Turkish Energy and Natural Resources Minister Taner Yildiz signed the MOU, the Mehr News Agency reported. - 10/28/09
House panel OKs Iranian fuel sanctions bill
A bill that would give the Obama administration power to impose sanctions on a broad array of companies involved in providing Iran with gasoline cleared a key congressional committee on Wednesday. -Reuters - 10/28/09
Iran's parliament warns against drop in oil exports
An Iranian parliamentary center has warned that Iran's oil exports may face a plunge due to depreciation of oil wells and a jump in domestic consumption. Strategic Majlis (Parliament) Research Center said in its latest report that the oil industry needs an annual $5.4 billion investment to keep the current volume of crude exports. - 10/24/09
Turkey Confirms $3.5B Iran Gas Deal
Turkey plans to carry out its $3.5 billion natural gas development plans in Iran, Turkish Energy Minister Taner Yildiz said on Wednesday. "The issue would be discussed during Prime Minister Tayyip Recep Erdogan''s upcoming trip to Tehran," Reuters reported. - 10/23/09
Iran's Oil Bourse Due Next Week
Iran international oil bourse will come on stream on October 26 at Kish Island, the managing director of Iran Mercantile Exchange said in Tehran on Wednesday. - 10/21/09
Iran Will Continue to Enrich Uranium Itself If Talks Fail
The spokesman for Iran's Atomic Energy Agency Ali Shirzadian made the announcement while speaking to the state-run Islamic Republic News Agency (IRNA) Monday, just hours before talks in Vienna about Iran's controversial nuclear program were set to resume. - 10/19/09
European Firm to Develop Iran's Lavan Gas Field
SHANA news agency quoted IOOC Managing Director Mahmoud Zirakchianzadeh as saying on Sunday that an Iranian delegation will travel to Europe next month to conclude a contract with the European firm. The name of the European company has not been revealed. - 10/19/09
Iran suspends gas talks with OMV
Iran has started talks with foreign investors to participate in the development of phase 12 of the South Pars gas field after Austrian OMV decided to walk away from the project on financial grounds. - 10/19/09
Iran and Russia "propose oil trade without USD"
Venezuela's president has said that countries including Venezuela, Russia and Iran have proposed the US dollar should be replaced as the currency used for oil trade. - 10/19/09
Venezuela's Chavez Says Iran Aiding Uranium Exploration
Venezuelan President Hugo Chavez has said that Iran is helping his country explore for uranium, but stressed his government would only seek to use nuclear energy for peaceful purposes. - 10/18/09
US Congress Approves Iran Sanctions Bill
The U.S. Senate on Thursday approved legislation punishing foreign companies that sell gasoline to Iran, placing further pressure on Iran over its nuclear program. The measure, which is part of an energy spending bill, must be signed into law by U.S. President Barack Obama. - 10/16/09
Shell, Total to take part in Iran's SP phases 13 & 14
Iran reached initial agreement with Royal Dutch Shell and Repsol companies for the development of South Pars gas field's phases 13 and 14, National Iranian Oil Company's director for investment affairs said here on Friday. - 10/16/09
Iran inks 1.2B Euro gas deal with South Korean company
Iran's Pars Oil and Gas Company signed a deal worth 1.24 billion euros ($1.83 billion) with a South Korean company in Tehran earlier today. As per the contract, 3.9 billion cubic feet of sour gas extracted from the South Pars phases will be sweetened and injected into Iran's national gas supply network. - 10/13/09
Gas deal with Iran significant to Switzerland: Swiss official
In 2008, Switzerland's Elektrizitaetsgesellschaft Laufenburg (EGL) signed a 25-year deal with the National Iranian Gas Export Company for the delivery of 5.5 billion cubic meters of gas per year. - 10/13/09
Countdown to Kish gas field drilling operations
Kish gas field is located near the Kish Island in the Persian Gulf. It was discovered in 2006, holding approximately 59 trillion cubic feet (tcf) of in-situ gas reserve, of which 45 tcf is recoverable. The field also holds 946 million barrels of condensate, of which 331 million barrels are recoverable. - 10/11/09
Iran, France, China to discuss South Pars gas field cooperation soon
National Iranian Gas Export Company (NIGEC) Managing Director Reza Kasaeizadeh said the Iranian company, France's Total and China's CNPC are to hold talks soon to decide over the way of development of upstream and midstream sectors of phase 11 in South Pars gas field. - 10/11/09
Iran says it can produce required petrol within 48 hours
The Managing Director of National Iranian Oil Products Distribution Company (NIOPDC) Nouroddin Shahnazizadeh said the country is able to produce its required petrol within 48 hours. Concerning the probable petrol embargo against Iran, Shahnazizadeh said all arrangements are made and there is no problem. - 10/10/09
Iran Needs Billions More to Pay for Gas, Diesel
A top Iranian oil official says Iran needs an additional $6.5 billion to help pay for imported gas and diesel fuel during the current budget year. Iran has the world's second largest natural gas reserves, and is a major crude exporter. However, the country lacks sufficient refining capacity to meet its domestic gasoline needs. - 10/7/09
Iran, China Sign A Major Oil Field Development Deal
China National Petroleum Corp (CNPC) has signed a contract with National Iranian Oil Company (NIOC) for the development of Iran's South Azadegan oilfield. The South Azadegan project is slated to produce 260,000 barrels of crude oil per day, and its development will cost around $2.5 billion. - 9/28/09
Iran announces nascent nuclear enrichment plant
In line with its guarantee to the International Atomic Energy Agency (IAEA) for clarity on its nuclear activities, Iran has informed the agency that it is constructing a second plant for uranium enrichment. "I can confirm that on 21 September, Iran informed the IAEA in a letter that a new pilot fuel enrichment plant is under construction in the country," agency spokesman Marc Vidricaire said Friday. - 9/25/09
Report: Chinese State Companies Supplying Gasoline to Iran
A newspaper report says Chinese state companies are supplying gasoline to Iran, a development that could undermine U.S. efforts to pressure Tehran to give up its nuclear program. London's Financial Times reports Wednesday the companies are selling the petrol through intermediaries, and provide up to a third of Tehran's gasoline imports. - 9/23/09
Third Iran Gas Forum: September 26-27 in Tehran
The 3rd Iran Gas Forum will be held from 26 to 27 September with representatives from Germany, the UK, Japan, the Netherlands, South Korea and Malaysia taking part in it. - 9/23/09
Japan's Amano Named New IAEA Chief
The International Atomic Energy Agency (IAEA) on Monday formally appointed Japanese diplomat Yukiya Amano as its new director general of the U.N. nuclear watchdog. - 9/14/09
Iran, Iraq adopt three methods to invest in joint oilfields
Iran and Iraq have agreed on three ways of investing in joint oilfields based on a memorandum of understanding which has been signed recently, an official with Iraq Oil Ministry has said. - 9/13/09
Turkmenistan Grabs Energy Spotlight As Caspian Leaders Gather
The presidents of Azerbaijan, Russia, Turkmenistan, and host Kazakhstan are continuing two days of informal talks in hopes of moving forward on the eventual allocation of the Caspian Sea's rich oil and gas resources. - 9/12/09
National Interests of Iran in the Caspian Sea
It seems that under the present conditions, the best policy for the Islamic Republic of Iran is refraining from entering into any kind of treaty for the legal regime of the Caspian Sea, because the conditions are set to impose the worst situation upon Iran. -Bahman Aghai Diba - 9/10/09
Iran will not permit its Caspian Sea interests to be jeopardized
The presidents of Azerbaijan, Russia, Kazakhstan, and Turkmenistan plan to hold a meeting on the Caspian Sea in the city of Aktau in Kazakhstan on September 14. - 9/10/09
Iran Dims Hopes for Diplomacy
Iran offered Western officials a long-awaited package of proposals to restart negotiations over its nuclear program. But diplomats who viewed the offer Wednesday said the document of fewer than 10 pages essentially ignored questions over Iran's production of nuclear fuel and instead focused broadly on other international issues. - WSJ - 9/10/09
Iran alarmed of exclusion in Caspian sea summit
The Presidents of the Central Asian States of Azerbaijan, Kazakhstan and Turkmenistan are to meet their Russian counterpart on Thursday to discuss "sub-regional cooperation." - 9/9/09
Iran oil products' exports plunge by 51%
head of Iranian Oil Products Exporters Union, says Iran earned $1.586 billion through the exports of oil products in the first five months of the current Iranian year (started March 21), compared with $3.261 billion earned in the same period last year. - 9/9/09
U.S.: Iran nearing atom bomb ability, must negotiate
The United States said on Wednesday Iran was nearing the ability to make atom bombs by stockpiling enriched uranium and, with EU allies, prodded Tehran to engage in talks now on its nuclear ambitions. - Reuters - 9/9/09
UN watchdog: IAEA, Iran in nuclear 'stalemate'
The U.N. nuclear watchdog is locked in a "stalemate" with Iran over the country's suspect nuclear program, the agency's chief said Monday, pressing Tehran to answer lingering questions about its atomic ambitions. - AP - 9/7/09
India quits IPI pipeline deal: Pakistan envoy
India definitely quitted IPI gas pipeline deal, Pakistan's ambassador to Iran said here on Sunday. The Mehr News Agency also quoted Muhammad Bux Abbasi as saying that, "Pakistan plans to increase its crude oil import from Iran." - 9/6/09
Oil market prospect 'not transparent': Khatibi
The oil market is floating into a hope and fear situation, so a clear future of the market could not be pictured, Iran's OPEC governor warned here on Friday. - 9/5/09
Iran to unveil its first two-seat electric car
Dubbed "Qasedak-e Nasir", the vehicle was built by a group of young scientists at the Khaje Nasir Toosi University of Technology. - 9/3/09
Turkey's Multivector Energy Hub: Ignore At Your Own Peril
According to Turkey's popular "Zaman" newspaper, the country can now claim the title of "world's largest energy hub." While over a decade of government policy has sought to transform Turkey's energy sector into first a European, then a regional, and now a global energy hub, a rash of recent international agreements, according to "Zaman," have enabled Turkey to finally attain that status. -Alexandros Petersen - 8/31/09
Iran increases fuel storage capacity
Iran is to increase its fuel storage capacity by 15% to reach 10.9 billion liters, says the managing director of National Iranian Oil Products Distribution Company (NIOPDC). Iran currently imports about 33 percent of the gasoline it consumes. - 8/29/09
Kazakh FM denies meeting on Caspian Sea without Iran
Kazakh Foreign Affairs Minister Marat Tazhin dismissed news that the four Caspian Sea neighboring countries have held a meeting in the absence of Iran. - 8/28/09
Iran discovers massive oil reserve in Khuzestan province
Iran has discovered a huge in-situ oil reserve of over 8.8 billion barrels in Soussangerd oilfield, Khuzestan province, Oil Minister Gholam-Hossein Nozari announced here on Monday. - 8/24/09
Iran: Oil minister nominee outlines priorities
Masoud Mirkazemi, the nominee for the position of oil minister in President Mahmoud Ahmadinejad's new administration, described his plans of action and priorities for the development of domestic oil industry. - 8/23/09
Iran plans to offer 80% stake in LNG project
Iran plans to offer 80 percent of stake in Iran LNG project to foreign bidders in order to secure a portion of the required budget for the project, the head of Iran LNG Company said in Tehran on Saturday. - 8/22/09
Iran-Iraq joint oil fields dispute can be settled through dialogue: Iraqi ambassador
The Iraqi ambassador to Tehran says that negotiation is the best way to settle the dispute between Iran and Iraq over the oil fields in the border region that are under joint ownership. - 8/19/09
Iran Ready to Hold Nuclear Talks with Western States 'Without Preconditions'
A top Iranian nuclear official says Tehran is ready to hold talks with Western nations on its disputed nuclear program "without preconditions." Iranian state media quoted Iran's envoy to the UN nuclear agency, Ali Asghar Soltanieh, as saying "negotiations without preconditions is Iran's main stance on the nuclear issue." - 8/18/09
Political turmoil slows big oil moves in Iran
Political upheaval in the aftermath of Iran's disputed presidential election has slowed international oil firms' efforts to find a way through sanctions to invest in the world's second-largest oil and gas reserves. -Reuters - 8/18/09
Foreign firms to invest in Iran's Petrochemical projects
Iran has reached preliminary agreements with companies from Russia, Turkey, South Africa, India, and Oman to finance some domestic petrochemical projects, the National Petrochemical Company's managing director said in Tehran on Monday. - 8/17/09
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