Iran exported 3.3 billion cubic meters of natural gas in the first quarter of the current fiscal year (March 21-June 21), up 9% from the same period of last year, thanks to higher supplies from…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The world will see a meager amount of extra oil reaching the market, if OPEC and its partners adhere properly to the new supply pact.
Iran’s OPEC Governor Hossein Kazempour Ardebili made…
The National Petrochemical Company has devised a feedstock discount scheme for investors in the industrial units of Mokran Petrochemical Complex in Chabahar in southern Iran, Negin Mokran…
Power Generation, Distribution and Transmission Company (Tavanir) is planning to sell 10% of its imported electricity from Armenia to Georgia, the managing director of state-run National Iranian…
Abadan Oil Refinery’s new policies are not only increasing the production of alkylate gasoline—a type of very high-octane variety, but also upgrading the quality of its regular gasoline output…
Oil production in Russia in 2018 could rise to more than 550 million tons, taking into account the decision made by OPEC and non-OPEC members on Friday to boost output, Russian Energy Minister…
Gulf Keystone Petroleum and partner Hungary's MOL have agreed to boost production from its Shaikan heavy oilfield in the Kurdistan region of northern Iraq, after reaching an investment plan with…
Abu Dhabi National Oil Company will sign an agreement with Saudi Aramco and Indian companies on Monday for an up to 25% stake in a planned $44 billion refinery and petrochemical project in India…
OPEC meets Russia and other allies on Saturday to clinch a new deal for raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much…
While the newly-installed German government grapples with divisions over migration policies in its first 100 days of office, its inaction on energy policies and climate goals is angering…
India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from US sanctions, two government…
US Energy Secretary Rick Perry will meet Russia’s oil minister next week in Washington, a person familiar with the situation said on Friday, as the two countries compete to supply global markets…
In line with efforts to establish the largest petrochemical hub in Chabahar in southern Iran, the construction of five gas to fuel and chemical production units —aka GTX—in Mokran Petrochemical…
Drilling operations of 22 wells in Phase 14 of South Pars Gas Field in the Persian Gulf are slated to be completed by the end of the current fiscal year (March 20, 2019), the managing director…
National Iranian Oil Company shipped its first batch of crude cargo from West Karoun Oil Block in the southern Khuzestan Province to an unnamed European buyer. According to Shana, the Iranian…
Iran is burning off record amounts of natural gas, which is way higher than the global average, the deputy for gas distribution at the National Iranian Gas Company said.
Saudi Oil Minister Khalid Al-Falih signaled the possibility the initial public offering of Saudi Aramco could be delayed beyond 2019, saying that "timing isn’t critical for the government of…
Turkey said on Thursday it would be accepting applications for the construction and operation of a 1,200-MW offshore wind farm—the world’s biggest—until October 23.
Japan's oil refiners may have to end Iranian crude oil loading from Oct. 1, if the Japanese government does not secure an exemption from US sanctions that would allow them to continue imports…
OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.
Energy Minister Reza Ardakanian stressed the need to focus on adopting pragmatic approaches for judicious water consumption so as to achieve sustainable development.
Iran's gasoline production has risen by 18 million liters per day in the last three months compared with the corresponding period of the last fiscal year (ended March 20, 2018), the chief…
Electricity wastage in the national grid is planned to decline and reach 9% in the next four years from the current rate of 10.9%, a deputy energy minister said on Wednesday.
India, the world’s third-largest oil consumer, expects a responsible approach from its suppliers, as speculation mounts over whether OPEC and its allies will reach a deal to boost output at a…
China’s proposed tariffs on US petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry’s largest customer, adding new pressure on US…
