Iranian Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change before the end of the year a deal among oil producers to reduce output.
“Russians can pull out of the deal as…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Incoming State Secretary Mike Pompeo could change foreign policy in a way that could trigger the loss of 1.4 million barrels per day in global crude supplies.
Italy's Carlo Maresca has launched a 10-megawatt solar power plant on the southern Iranian island of Qeshm.
The plant was officially inaugurated on Tuesday by Fabio Maresca, chairman of…
The number of Iranian households, supplied with natural gas, will reach 23 million by mid-2021 that marks the end of the second term of the Hassan Rouhani government, the National Iranian Gas…
South Korea’s move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as…
The United States is ready to compete with Russia in the liquefied natural gas market in Europe, US Assistant Secretary of State Sandra Oudkirk told reporters after a conference at the Atlantic…
As crisis-stricken Venezuela is struggling with a steep decline in oil production, India’s average oil imports from the Latin American OPEC member have slumped over the last few months to their…
Saudi Arabia's Cabinet approved a national policy on the kingdom's atomic energy program. The Cabinet meeting, chaired by King Salman bin Abdulaziz, was held at the Al-Yamamah Palace in Riyadh,…
Russia’s state-owned oil company Zarubezhneft signed a trilateral deal on Wednesday with the National Iranian Oil Company and Dana Energy Company for the development of Aban and West Paydar…
The first photovoltaic power station in Bushehr Province is ready to join the national power grid, the managing director of the province's electricity distribution company said.
"The hi-…
The Central Bank of Iran is currently holding negotiations with China on financing the second development phase of Abadan Oil Refinery in Khuzestan Province, the managing director of the…
Kurdestan Petrochemical Company in western Iran has exported over 215,000 tons of polyethylene, worth $263.6 million, in the 11 months ending Feb. 21.
According to NIPNA, the National…
The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, signed a memorandum of understanding on Monday with the Oil Industries Engineering and Construction…
Iran's Oil Minister Bijan Namdar Zanganeh and Azerbaijan’s Minister of Economy Shahin Mustafayev discussed the prospects of promoting oil and gas cooperation in Tehran on Tuesday.
Turkey's Gamma Company, a leading firm active in the energy sector, has signed a memorandum of understanding with Khuzestan Governorate on the production of petrochemicals, including…
Oil rose on Tuesday, after Libya said loadings of crude at a key port had been suspended, offsetting an earlier dent to the price caused by evidence of the inexorable growth in US oil output.…
The debate over how to price natural gas has been settled, at least for exporters, and oil-indexing should prevail.
Shale output at seven major US oil and gas plays will climb by 131,000 barrels per day next month to hit 6.95 million bpd, according to a new report by the Energy Information Administration on…
Egypt’s Petroleum Ministry is in the process of issuing a global tender before the end of this year to explore petroleum wealth, including in the Red Sea.
The tender notice will be…
Oil prices fell on Monday on expectations that US output will rise this year, erasing earlier gains buoyed by lower weekly US rig counts and falling US unemployment.
Brent crude futures…
Growth in global energy demand through 2040 will be driven by increasing prosperity and improving living standards in fast-growing emerging economies.
Plentiful supplies of energy will…
Iraq’s Oil Ministry on Monday said the nation would reduce its petroleum products' imports by 25%, as crude oil refineries are being rehabilitated following the destruction caused by the self-…
Abu Dhabi National Oil Company said on Sunday it has signed 40-year agreements with Eni, awarding the Italian company a 10% stake in its Umm Shaif and Nasr offshore oil concession and a 5% stake…
Euro-4 gasoline indexes are regularly checked to ensure they do not violate international standard levels, director of the Comprehensive Monitoring Office at the Department of Environment said…
The National Iranian Oil Company has signed deals with five top Iranian universities on studying the country's hydrocarbon reserves and conducting oil and gas discovery activities.
