IranOilGas Network

Global oil market highlights in JAugust 2026 as reported by OPEC (Report)

In August, the OPEC Reference Basket (ORB) value increased by $3.45/b, m-o-m, to average $86.44/b.

Contract signed to rebuild Iran

Iran’s Pars Oil and Gas Company (POGC) has signed an agreement with a consortium led by Bank Shahr (City Bank) to rehabilitate the refinery serv…

U.S. unveils new Iran “Economic Outcast” sanctions

U.S. Treasury Secretary Scott Bessent announced “Operation Economic Outcast,” a major expansion of secondary sanctions aimed at countries and co…

Oil prices fall as markets await tougher US sanctions on Iran: Reuters

Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US announcement of tougher sanctions on Iran..…

U.S.-Iran tensions rise ahead of new sanctions

The United States and Iran exchanged hostile rhetoric ahead of Washington’s planned announcement of new economic sanctions on Monday,

Iran to import electricity from Turkey for petrochemical plants

Iran’s Deputy Energy Minister for Electricity and Energy Affairs said the country plans to import 450 megawatts (MW) of electricity from Turkey…

US: Iran-Oman deal to reopen Strait of Hormuz near

A US official said on Friday that Iran and Oman are making progress toward an agreement to reopen the Strait of Hormuz

Finnish SMEs waiting for SPV to do business with Iran

Finland says its small and medium-sized companies (SME) are still interested in promoting their business cooperation with Iran, but are waiting…

Iran, German oil companies sign cooperation pact

Iran

EU Council gives European firms legal cover to operate in Iran

EU countries on Monday gave European firms legal cover to operate in Iran despite the US pullout from the nuclear deal, after a report that the…

Poland PGNiG withdraws from Iran project

Poland

Iran, Italy sign a collaboration agreement on flare gases

In order to gather the flared gas to generate electricity and renovate Iran’s oil and gas installations, a number of subsidiaries of National Ir…

Austrian firms keen on Iran energy projects

Iran- Austria Energy Committee was held in Tehran on Saturday, 10th of December 2016, to discuss the roadmap for Iran-Austria cooperation on ene…