Energy

The giant South Pars Gas Field in the Persian Gulf is slated to increase production capacity by 84 million cubic meters per day, which has currently stabilized at a rate of 550 mcm/d, by the end…

As the world’s energy sector moves toward greater electrification, investments in electricity surpassed investments in oil and gas for a second consecutive year in 2017, the International Energy…

Iran’s onshore oil stocks rose 3.2 million barrels in June compared with the previous month to 33 million barrels, according to analysis firm Kayrros. Kharg Island inventories led this increase…

The US embargo on Iran's oil shipments has put Indian Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of US President Donald Trump on…

In spite of international restrictions on accessing cutting-edge technology, Jam Petrochemical Company has indigenized gear pumps and reduction gearboxes, a deputy manager at Jam Petrochemical…

Iran’s daily gas consumption hit 521 million cubic meters on Tuesday, indicating a rise of 9 mcm compared with the average use of the fuel in the first quarter of the current Iranian year (…

Energy Minister Reza Ardakanian said on Tuesday Iran has cut power export to Iraq so as to meet its rising domestic demand.

"The soaring power consumption in the hot season has made us…

Iraq exported oil at the fastest pace since late 2016 during the first half of July, indicating OPEC’s second-largest producer is pumping more after the group eased production limits.

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Oil prices fell on Wednesday after news of a rise in US crude inventories last week, defying analysts’ expectations for a big fall, while concerns about weak demand also resurfaced. Brent crude…

Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, a government spokesman said. “…

In the July 2018 update of its Short–Term Energy Outlook, the US Energy Information Administration forecasts that Brent crude oil prices will average $73 per barrel in the second half of 2018…

The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran to avoid disrupting global oil markets while reimposing sanctions…

Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new US sanctions, putting oil markets under huge strain amid supply outages across the world.

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Crude production from the oil layer of South Pars in the Persian Gulf has resumed after FPSO Cyrus, the floating production, storage and offloading vessel on the hydrocarbon reservoir, had an…

The completion of value chain, development of petrochemical downstream industries and supply of feedstock to complexes top the Oil Ministry’s priority list, a deputy oil minister said.

Liquefied natural gas is projected to come into sharp focus worldwide in the future, as it is not only cost-effective but also clean and accessible compared to other energy sources, the former…

Petrochemical companies that reduce carbon emissions and are environmentally friendly will be exempted from pollution taxes levied by the Department of Environment.

Frequent power outages in Tehran have adversely affected industrial units, taking a toll on electrical equipment and reducing efficiency.

In the first week of July, US net imports of petroleum products fell to just 1.67 million barrels per day, the lowest weekly total on record in at least three decades.

The decline of net…

Oil prices slipped on Monday as concerns about supply disruptions eased and Libyan ports reopened while traders eyed potential supply increases by Russia and other oil producers.

But…

Iran’s Oil Minister Bijan Namdar Zanganeh in a letter told his Saudi Arabian counterpart that last month’s OPEC supply pact does not give member countries the right to raise oil production above…

Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.

Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.

Norway’s ship-owners and two oil unions said on Saturday they planned no compromise talks to end a five-day strike over wages and pension benefits before a planned escalation of the stoppage…

Venezuelan oil production crashed to a new 30-year low of 1.5 million barrels a day in June, the Organization of Petroleum Exporting Countries said.