Iran’s rial devaluation against the US dollar is not expected to have a significant impact on the actual cost of electricity generated in the country, a deputy at Iran Power Generation,…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's crude oil prices continued to advance in the week to May 18, following the trail of international oil benchmarks that have rallied to their peak levels in more than four years.
Japanese oil refiners will likely take a few months to decide policy on Iranian crude purchases in response to US sanctions, the new president of the Petroleum Association of Japan, Takashi…
Saudi Aramco’s much-hyped initial public offering is “most likely” to take place in 2019, Saudi Energy Minister Khalid Al-Falih said on Friday, likely confirming that plans for the IPO…
France's Total is expected to sign a deal with Russia's Novatek to enter the Arctic LNG 2 project, the Kremlin said in a note ahead of the meeting of French President Emmanuel Macron and Russian…
Soaring gasoline and diesel prices in India require urgent action, Oil Minister Dharmendra Pradhan told media.
The Indian government is seeking a solution to the problem, which…
Russia and Saudi Arabia, the oil producers who led the effort to shrink a global glut, said they are discussing easing output curbs for the first time.
While scaling back the supply caps…
Russia’s Rosneft has discovered a new oilfield in southwestern Iraq, the company said. The first well in the field, named Salman, was drilled at over 4,000 meters and it tapped commercial…
Potable water consumption amounts to a massive 7.5 billion cubic meters per annum, Iran's energy minister said.
"The country's limited non-renewable resources, including water, are being…
The central Yazd Province’s solar power production capacity financed by foreign investors is expected to reach 70 megawatts by the end of the current fiscal year (March 20, 2019), managing…
The tender results for developing North Azadegan Oilfield in southwest Iran have been announced and Oil Industries' Commissioning and Operation Company will take on the project, the company's…
Gasoline consumption in the second calendar month that ended on May 21 reached an average of 84.7 million liters per day, data released by the National Iranian Oil Products Distribution Company…
Iran's LPG shipments lifted or due for lifting in May fell almost 100,000 tons from April to 400,700 tons, after rising for the past two months, as some refineries in the country were shut for…
BP has stopped work on Rhum Gas Field in the North Sea, which it shares with the National Iranian Oil Company and holds a 50% stake. The company cited the reintroduction of US…
Oil prices eased on Wednesday as the possibility of higher OPEC output weighed on the market, although geopolitical risks are expected to keep prices near multi-year highs.
Brent futures…
Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran, but said on Tuesday it had made no investments…
The European Union states have the political will to implement special mechanisms to avoid imposing the United States’ prospective sanctions against Iran after it pulled out of the nuclear deal…
Iran's crude exports have been experiencing a modest increase in the past few months, which look promising for the OPEC’s third-biggest producer to regain its foothold in the international…
Russia should explore the Crimean continental shelf for natural gas, the head of the Russian Academy of Sciences told RIA Novosti during a three-day visit to the peninsula.
India and China are driving a rapid global expansion in large-scale, solar power development as the cost of building new projects falls, according to an analysis by Institute for Energy…
Oil prices rose on Tuesday on concerns that Venezuela’s crude output could drop further following a disputed presidential election.
Key oil ministers and company executives will gather in Russia later this week for the St. Petersburg International Economic Forum, amid expectations that the business meeting will prepare the…
The venture to complete the replacement of 450,000 old electricity meters with smart ones needs an additional 2.5 trillion rials ($59 million), director of the plan (named Faham in Persian) said…
Close to 10,000 tons of diesel were exported to Iraq and Afghanistan from Sari oil depot in Mazandaran Province in 2017, the head of National Iranian Oil Products Distribution Company in Sari…
The National Iranian South Oil Company's efforts to boost output from four oilfields, namely Shadegan, Rag Sefid, Karanj and Parsi in the southern Khuzestan Province, are on the right track,…
