Iran plans to add close to 3,000 megawatts to its power plant capacity in the current fiscal (started March 21), boosting it to 80,000 MW, the energy minister said.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's petrochemical complexes have produced nearly 50 million tons of goods in 11 months ending Feb. 19, of which 20 million tons worth almost $11 billion were exported to international markets…
Abu Dhabi National Oil Company said on Sunday it has signed 40-year agreements with France’s Total, awarding the company a 20% stake in the Umm Shaif and Nasr offshore oilfields and a 5%…
ExxonMobil is working with a group of Pakistan’s large businesses on a proposal to build and supply the country’s third import terminal for liquefied natural gas, the country’s minister for…
Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash.
Eni was the first oil major to…
Better technology could reduce the average production costs of all oil and gas resource classes by about 30% per barrel of oil equivalent by 2050, oil and gas supermajor BP said in its …
Energy Minister Reza Ardakanian left Tehran for Brasilia, Brazil's capital, on Sunday to attend the Eighth World Water Forum, themed 'Sharing Water' scheduled for March 18-23.
The United States of America and its regional ally Saudi Arabia are making a lot of efforts to squeeze Iran's share in its traditional oil markets in East Asian countries.
With the aim of producing Euro-5 diesel in Shiraz refinery, the company has recently conducted negotiations to sign an agreement with a multinational company, Honeywell UOP, over the purchase of…
South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has produced over 58 billion cubic meters of natural gas during the current fiscal that ends on…
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks.
Brent futures rose $1.09 to settle at $66.21 a barrel, a 1.7% gain. During the session…
Ukraine’s state-held gas company Naftogaz and Russia’s gas giant Gazprom will meet by the end of March to discuss the new dispute over gas supplies between the two countries, the Ukrainian…
California cities and counties seeking to hold five of the largest oil companies accountable for their contribution to climate change through a trio of lawsuits will make their case in…
The Italian oil major Eni will discuss sanctions against Russia with authorities in the European Union and the United States to gain clarity on the economic rivalry forming between US President…
Iraq is inviting companies to bid for building a 70,000-bpd oil refinery near the town of Haditha in the Anbar Governorate, the oil ministry said. Investors willing to take part in the…
Iran's gasoline production has hit a record with 77.4 million liters per day, marking a 16% hike, thanks to the recently launched Persian Gulf Star Refinery in the southern city of Bandar Abbas…
Iran does not intend to increase crude output in the next fiscal year that starts on March 21, the National Iranian Oil Company’s managing director said on late Friday.
“The country’s…
The Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, is determined to raise crude production by about 50,000 barrels per day in the next fiscal (starting March 21…
In line with policies to help expand domestic companies' scope of exploration and production operations, the National Iranian Oil Company will finalize an agreement with Pasargad Energy…
Oil prices were set to fall this week, despite a slight gain in both benchmarks on Friday, on concerns among investors about rising supply from the US and elsewhere threatening to undermine…
The government is set to grant higher commission to distributors of compressed natural gas, an official at the National Iranian Oil Products Distribution Company said.
According to…
Talks between the National Iranian Oil Company and domestic and foreign upstream firms to increase output from 22 oil and gas fields have gained momentum, a senior official said.
Over 182 billion cubic meters of natural gas were supplied through the national gas network in the 11 months ending Feb. 19, the managing director of state-owned National Iranian Gas…
Saudi Arabia’s willingness to delay the initial public offering of state oil company Aramco to 2019 has several motivations, from regulatory risk to competing projects in the government’s…
Statoil ASA, Norway’s biggest petroleum company, will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production. “The world is changing and so is Statoil…
