Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Hidden subsidies paid to industry, mining and petrochemical sectors last fiscal year (March 2018-19) for gas and electricity reached a staggering $9.5 billion, according to a new report by the…
There has been no rise in electricity tariffs despite the elimination of paper billing, the Energy Minister said in Tehran on Tuesday.
The amount of energy wasted in Iran due to daily flaring equals the energy produced by burning 5.5 million barrels of oil, a former lawmaker and a consultant to Majlis Speaker Ali Larijani…
Oil prices increased on Tuesday as unrest in Iraq and Ecuador raised supply concerns, but worries about US-China trade negotiations capped the market’s gains after President Donald Trump said a…
To comply with the International Maritime Organization (IMO) new regulations for a 0.5% global sulphur cap for marine fuels, refineries are making concerted efforts to lower sulphur content in…
The oil industry has been a driving force for local upstream and downstream companies including private enterprise working for or related to oil in some form or fashion. Oil Minister…
Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its…
Oil prices were up on Monday, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters. Brent crude rose 34 cents or 0.6% to $58.71…
Lavan Oil Refinery has started producing gasoline compliant with Euro-5 standards, the managing director said. “Completion of a development plan, costing $222 million, has helped the refinery…
Completion of Tajikistan's Anzob Tunnel next year with the help of Iran’s private companies can help consolidate two-way relations. Sohrab Mirzazadeh, Tajikistan's deputy minister of transport…
Oil Minister Bijan Namdar Zanganeh said Sunday Iran will use every possible method to sell its oil, adding that it is the country’s legitimate right. “We will use every possible way to…
Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic…
Several power projects were launched while work on other plants began Saturday during Energy Minister Reza Ardakanian’s visit to the southwestern Kohgilouyeh-Boyerahmad Province. The first…
Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort to fight rampant smuggling and curtail rising consumption,…
The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in…
Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range…
The government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company, a subsidiary of National Iranian Oil Company, signed an agreement…
Natural gas projects worth an estimated $727 million are underway in Sistan-Baluchestan Province, head of Iranian Gas Engineering and Development Company said.
Shahid Salimi Power Plant (Neka) in Mazandaran Province, which had been banned by judicial authority of Neka County from burning mazut is still using the highly-polluting fuel, head of the…
Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January. For OPEC, the departure matters more in symbolism than barrels -- Ecuador is one of its…
Unilateral sanctions against Iran's oil sector are yet another example of the belligerent US President Donald Trump’s economic terrorism against the Iranian people.
The Research Institute of Petroleum Industry has plans to improve the quality of gasoline and diesel by reducing sulfur content, head of the RIPI said. “In addition to the regular technology…
Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the…
US sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as US-listed Teekay LNG said its joint venture in Russia had been “blocked” for its…
