The number of minutes during which each electricity subscriber experiences blackout in Tehran Province dropped to 160 in the last fiscal year (ended March 20, 2018) from 250 minutes in the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Construction operations for transferring associated petroleum gas from three oilfields in the southern province of Khuzestan to processing facilities were launched on Sunday in a ceremony…
Iran is set to double natural gas exports to the Iraqi capital Baghdad in June, as part of a plan formulated between the two sides last year, a senior energy official said.
Iran Power Plant Repair Company carries out overhaul operations on power plants with about 10,000-12,000 megawatts of power production capacity per year, the company’s managing director said on…
Despite the possibility of the enforcement of new US sanctions against Iran's petrochemical industry, European firms are interested in launching joint ventures with Iranian enterprises on…
Total has signed a memorandum of understanding with the government of Oman to develop natural gas resources in Oman, covering both upstream and downstream businesses.
China could be a chief beneficiary of the US decision to withdraw from the Iran nuclear deal, as it would give China leverage to demand oil imports be priced in yuan, several currency experts…
India’s oil minister on Saturday expressed concern about the rise in oil prices but said it was too early to predict the impact of US sanctions on his country’s imports of Iranian oil after…
Oil Minister Bijan Namdar Zanganeh said on Sunday Iran will continue to swap Turkmenistan's gas with Azerbaijan. "Tehran and Ashgabat have agreed not to stop swapping Turkmenistan's gas through…
Iran has acquired the know-how to design and build liquefied petroleum gas storage tanks, which places it among the top 10 countries with the technology, a member of the Association of Petroleum…
US President Donald Trump’s decision to scrap the Iran nuclear deal can be good for oil bulls but for natural gas drillers in America’s hottest shale play, it could be a disaster.
Crude prices fell in a seesaw session on Friday, retreating after early gains as it looked likely that European signatories would push to maintain the nuclear deal with Iran, which US…
In the wake of the US withdrawal from the Iran nuclear deal, Iran’s European customers are continuing to buy Iranian oil and are in no immediate rush to replace volumes, but some refiners and…
Lukoil and the Basra Oil Company signed a new development deal for West Qurna-2 field that provides for an oil production plateau of 800,000 barrels per day. The new deal calls for an increase…
The first technology transfer deal to build gas compressors has been signed between TAPCO and the Austrian LMF, managing director of TAPCO said.
The venture to develop South Pars Gas Field's Phase 2 in the Persian Gulf has gained traction, as its feasibility studies have been completed by an unnamed French company, the chief executive…
Oil prices dipped on Friday, easing from multi-year highs in the previous session on hopes that alternative supplies could replace a looming drop in Iranian exports because of US sanctions.
The Russian and Iranian sides have signed a supplementary agreement to guarantee the construction project of thermal power plant Sirik in the southern Iranian province of Hormozgan, the Russian…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with a consortium of six domestic firms for implementing oil and…
The Global Petro Tech Kish Company is holding talks with unnamed Russian and Chinese companies on project financing, the Iranian company’s managing director said.
“We are currently in…
In line with efforts to fast-track the development of oil and gas fields, Drilling Company International is set to play a key role in the development of five massive hydrocarbon reserves,…
Iranian Oil Minister Bijan Namdar Zanganeh said on Thursday that US President Donald Trump’s decision to quit a multinational nuclear deal would not affect Tehran’s oil exports.
“Trump’s…
China has reassured Tehran that it will continue to import its crude, despite the United States’ withdrawal from the nuclear deal that will now be followed by sanctions targeting the Iranian oil…
UK-based Dunlop Oil & Marine Ltd has signed a memorandum of understanding with Iran Oil Terminals Company, a subsidiary of the National Iranian Oil Company, to cooperate in oil and gas…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with the Polish EXALO Drilling SA to cooperate in oil and gas…
