Oil prices rose more than 3% on Wednesday, hitting 3-1/2-year highs, after US President Donald Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
West Karoun oilfields in Khuzestan Province will increase its collective oil output by 105,000 barrels a day by the end of the current fiscal year (March 2019), the managing director of…
Germany's Raschig and Iran's Research Institute of Petroleum Industry have signed a memorandum of understanding on gas sweetening towers.
This is while another German major industrial…
Off the coast of Western Australia, a battle between mega giants is unfolding. Combatants involve the world's biggest semi-submersible platform, the longest subsea pipeline in the southern…
The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the…
State-owned National Iranian Oil Company raised the official selling prices for all its crude oil grades loading in June from Kharg Island and bound for Asia, a company source said Wednesday.…
Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said.
The…
Although the oil market is now in better shape than it was in 2016, there are concerns about the tight spare oil production capacity, Saudi Arabia’s Energy Minister Khalid al-Falih said.
State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition strategy to be on par with oil majors, despite a regional political and economic…
Oil prices retreated from 3-1/2 year highs on Tuesday, as investors await an announcement by US President Donald Trump to extend the waiver of sanctions on Iran. US West Texas Intermediate crude…
Preserving the current oil output level and making efforts to boost extraction from the country's massive hydrocarbon reserves top the lucrative oil industry's list of priorities.
About 3.5 million barrels of crude oil have been transferred from the port of Neka in northern Iran to be used in Tehran and Tabriz refineries since the country resumed oil swap on August 3, the…
The National Iranian Oil Company is planning to sign seven agreements on development of oilfields within the framework of Iran Petroleum Contract, the country's new model of contract for oil and…
With global natural gas prices on the rise, international oil and gas exploration companies have rolled up their sleeves, aiming to drill deeper to get more gas and capitalize on the booming…
Siemens said on Monday weakness in the power generation market is forcing it to temporarily shut down its power and gas sites around the world.
Large gas turbines are increasingly…
France's Total SA, the only western energy major investing in Iran, will lose its stake in the South Pars Gas Field to its Chinese partner if the Paris-based company withdraws from the country,…
The state-owned National Iranian Gas Company is pursuing the policy of increasing gas delivery to power plants with the goal of curbing pollutants and preserving the environment, the company’s…
Companies from several countries, including Spain, France and China, have expressed readiness to launch joint ventures in Iran's lucrative petrochemical sector. Spain's Mecanicas Bolea S.A…
Austrian integrated oil and gas company, OMV, is seeking to expand cooperation with the National Iranian Oil Company to secure a footprint in the country's upstream sector, OMV's Orient Upstream…
As soon as maintenance operations in oilfields' installations are completed, the country's oil output can easily exceed 4.5 million barrels a day, chief executive officer of the National Iranian…
China is the world’s most attractive country for renewable energy investment, according to a new study by Ernst & Young.
How do other Asian countries fare?
French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country.
Total pumped a record amount of oil and gas in the first…
Eni has announced an oil discovery on the A-2X exploration prospect in the South West Meleiha license, in the Egyptian Western Desert, some 103 kilometers north of the oasis of Siwa.
The…
Tehran Oil Refinery has signed a memorandum of understanding with two Japanese companies, JGC Corporation and Marubeni Corporation, on enhancing gasoline quality and quantity as well as reducing…
The 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition was inaugurated by Iran's Oil Minister Bijan Namdar Zanganeh in Tehran on Sunday.
In addition to Iranian…
