Operations to build new thermal power plants in southern provinces with a combined output capacity of 2,000 megawatts are underway as part of efforts to minimize outages, the Thermal Power…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's state oil company NIOC is evaluating development proposals of foreign companies for Cheshmeh Khosh Oilfield in western Iran.
Saudi Arabia expects oil revenues to jump about 80% by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter.
MAPNA Group, an energy and engineering conglomerate, has opened talks with leading international companies to provide finance for its wide-ranging projects, its chief executive officer said.…
Shell's huge floating liquefied natural gas structure, named Prelude, will begin its job of extracting and processing gas at sea next year. The construction of the 488-meter-long facility began…
Iran sees an unprecedented opportunity for international companies to operate in its oil industry, despite uncertainty over potential new sanctions from the United States, a deputy at the…
In line with efforts to increase gasoline output, plans are underway to make the second phase of the Persian Gulf Star Refinery in the city of Bandar Abbas in Hormozgan Province ready for early…
Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand in the first quarter of 2018, leading to a boost in oil prices.
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Over 156 billion cubic meters of natural gas were supplied through the national gas network in nine months, the National Iranian Gas Transmission Company said on Monday.
The state-owned…
Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand. The sales purchasing…
Iran's largest oil export terminal on Kharg Island in the Persian Gulf is becoming an increasingly profitable supplier of petrochemical products.
Close to 800 megawatts of new electricity generation capacity were added to the national grid over the last three months, an increase of nearly 1% in the country's 77,000-MW installed capacity,…
The price of Iran's light crude oil moved back above $63 a barrel in the week to Dec. 15, marking the biggest weekly gain among global crude benchmarks.
Iran's light grade oil advanced $…
A petrochemical company in western Iran has turned into a leading producer and exporter of polyethylene, the most produced plastic in the world.
Kurdistan Petrochemical Company has…
China’s imports of liquefied natural gas jumped to a monthly record in November, as residential and industrial demand surged in line with Beijing’s drive to promote the use of gas rather than…
The Trans Adriatic Pipeline taking gas from Azerbaijan to Europe will pump gas into Italy at the start of 2020, despite local protests against the €4.5 billion ($5.3 billion) project, the TAP…
The oil industry discovered the least amount of oil in 2017 in almost eight decades, breaking the previous record low set in 2016.
The global oil industry has discovered less than 7…
Electric car makers and the renewable energy industry can mostly breathe a sigh of relief after many feared changes to the US tax code would weigh on demand for clean technology.
Russia and Sudan have signed an agreement to construct a nuclear power plant in the North African country, Russia’s Rosatom said on Friday. The agreement was signed by Rosatom’s subsidiary…
China's financing terms for Iran's energy and petrochemical projects are suitable, the chairman of Iran-China Chamber of Commerce said, stressing that these pave the way for China's stronger…
The misfortunes of Venezuela’s state-owned oil company are now roiling the clear waters of the Caribbean Sea.
Oil prices rose in light volumes on Friday, steadying near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would…
In line with policies to develop energy hubs in Iran, Qeshm Free Zone Organization has devised plans to attract close to $10 billion in foreign and domestic investments for energy projects on…
In the wake of an earthquake that jolted Tehran and its surrounding cities this week, the National Iranian Gas Company says it has devised a way to avoid major gas explosions in the aftermath of…
European Union lawmakers and member states on Thursday agreed climate targets for 2030 in a move to meet the bloc’s obligations under the Paris Agreement, which seeks to avoid the worst effects…
