The US political pressure on Saudi Arabia to boost oil output, irrespective of OPEC's agreement on production curb, is more of a conspiracy against the organization to undermine its decision…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Gazprom, Russia’s fourth largest gas producer, is mulling over taking part in development of Farzad-A and Farzad-B, a large gas reservoir in the Persian Gulf, a senior official at Gazprom said…
Pipelines connecting offshore platforms of the South Pars Gas Field's phases 6-8 in the Persian Gulf to the offshore refineries of phases 4-5 have gone on stream, adding 3 million cubic meters…
Weak diplomatic relations with India and Pakistan have prevented Iran from becoming a natural gas exporter, an energy expert said.
Iran, or any other member of the Organization of Oil Exporting Countries, can unilaterally thwart efforts to reach an agreement to raise the group’s oil production, as it requires a 100%…
Oil prices fell more than $2 a barrel on Friday after two of the world’s biggest producers indicated they might increase output at next week’s OPEC meeting, while US exports were threatened by…
Samsung will soon draw 100% of its electricity needs from renewable energy sources across all its sites in the United States, Europe and China, the Korea-based global electronics manufacturing…
South Korea’s Iranian crude oil imports fell in May to their lowest since January 2016, as South Korean buyers sought to reduce purchases of Iranian oil amid new US sanctions on Iran.
Russian gas giant Gazprom has resumed talks with South Korea over a decade-old idea to build a gas pipeline from Russia’s Far East to South Korea through North Korea, the deputy chairman of…
India’s oil imports from Iran surged to about 705,000 barrels per day in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of…
Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group OPEC could relax voluntary output cuts.
Benchmark Brent crude oil slid 35…
Royal Dutch Shell has introduced gas to its 490-meter-long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before startup, a spokeswoman told Reuters on…
ExxonMobil, which unlike its competitors steered clear of energy trading in the past, has recently started to hire experienced traders as it aims to trade more of its products to increase…
Turkey and Azerbaijan have inaugurated the TANAP pipeline that will bring gas to Europe while bypassing Russia. The project has won political support from both the United States and European…
Neighboring states' operations to control transboundary waters—the shared aquifers, lakes and river basins—have exacerbated the severe water shortage in Iran, a former member of World Water…
The Energy Ministry plans to boost power plants’ efficiency by phasing out outdated plants and building new ones in line with its strategic plan by 2025.
According to ISNA, in addition…
The National Iranian Oil Company has allocated 4% of the oil projects' value, including extraction and production, on implementing development plans in oil-rich regions, NIOC's managing director…
Iran will issue bonds in the coming months to fund oil projects, the head of Securities and Exchange Organization said on Tuesday, a month after the United States withdrew from a nuclear deal…
Iraq said OPEC should resist pressure to increase oil supplies, strengthening opposition to plans by Saudi Arabia as the group prepares to meet next week.
OPEC’s second-biggest…
One of the biggest Iranian oil customers among India’s refiners, Nayara Energy—formerly known as Essar Oil—started scaling back oil purchases from Iran this month, Reuters reported on Monday,…
US solar installations are expected to be flat this year compared with 2017 due to weakness in several major residential markets and slower growth in big projects, according to a report released…
Amid a growing number of companies preparing to leave Iran as US sanctions kick in, an international oil and gas consortium has announced it will stay in the country.
State-owned National Iranian Oil Company raised the official selling price differentials for all its crude oil grades loading in July from Kharg Island and bound for Asia from the previous month…
Armenia is looking to increase natural gas imports from Iran based on an agreement that would allow the neighboring state to receive up to 600,000 cubic meters more gas from the current level of…
The National Iranian Drilling Company's operations for drilling 40 wells in the South Azadegan Oilfield in Khuzestan Province are near completion, a deputy director of NIDC said on Monday.
