Gas production in phase 12 of South Pars gas field in the Persian Gulf will reach 65 million cubic meters when platform B and C come on stream, director of phase 12 Rasoul Fallahnejad said, Shana…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
During the past five months exports have jumped eight percent compared to prior projections, deputy oil minister for planning said, adding that the boost in the oil industry has underpinned…
Prosecutors seized the oil reserves of the Romanian Petrotel Lukoil refinery on Monday including raw materials, crude oil, and other products, sending 500 people into technical unemployment. The…
Brent crude oil fell towards $92 a barrel on Tuesday, pushing towards 27-month lows as weak demand and ample supply outweighed the price support from a weaker dollar. A slump in the dollar on…
The operating license of industries that fail to present their plan to reduce pollution by March 2015 will be revoked, warned Rasoul Yarahmadi, the safety, environment and energy director of the…
Austria will take the European Commission to the European Court of Justice (ECJ) if it approves Britain’s plans for a 16 billion-pound ($26 billion) nuclear power plant, Reuters cited a spokesman…
Cyprus said on Monday peace talks for the ethnically divided island could suffer if Turkey kept on opposing attempts by Nicosia to explore for gas off its southern coast, Reuters reported.
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The first shale oil-fuelled power plant in Jordan will be ready by the end of 2018, a report said, adding it is expected to cut the country’s energy spending by $500 million annually, the Jordan…
As of 2020, Europe will receive natural gas from the Caspian Sea through the Trans-Adriatic-Pipeline. After some initial difficulties, the project is beginning to take shape. And it will bypass…
Venezuela was given a last warning by the National Petrochemical Company (NPC) to complete the Veniran petrochemical complex in Iran. The joint project is nearing its seventh year of…
The economic council of the government will assess a plan to finance the 6th, 9th and 11th gas export pipelines, the planning and supervision deputy of the oil ministry said Monday.
Mansour…
The National Iranian Tanker Company (NITC)’s policy is to have a strong presence in the international oil transport industry as the EU has eased the sanctions on Iran’s oil industry, Ali Akbar…
Russia, Ukraine and the European Union may hold another round of gas talks next week, Ukrainian Energy Minister Yuriy Prodan said Monday.
Chevron's Canadian subsidiary is selling its 30% stake in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co. (KFPEC) in a $1.5b deal. The Duvernay shale play is in west-central…
Construction of 6 petrochemical plants in Iran is expected to be completed by the end of the present Iranian calendar year (March 2015), adding another 2 million tons to petrochemical production…
Kuwait is in talks with five major oil companies to help boost crude production and develop some of its oilfields including Burgan, the world’s second largest, a move that has faced fierce…
A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to…
Poland, Hungary, and Slovakia have together re-exported 1.7 billion cubic meters of Russian gas to Ukraine, Gazprom, Russia’s biggest gas exporter said, questioning the legality of the practice.…
Iran is not ready to replace Russia as a main gas supplier if sanctions are lifted, Iran’s President Hassan Rouhani said in an interview with the Vesti on Saturday news program on the Russian…
Production has commenced inside the country of three out of ten types of important oil equipment, said the managing director of Petropars Ltd. (PPL), Shana reported.
Mohammad Javad Shams…
The Spanish government approved payment of $1.75b in compensation to the owners of offshore gas facility Castor, built to store 30 percent of Spain's daily gas consumption and shut last year after…
Norwegian energy firm Statoil has signed a deal to sell gas to Ukraine state gas firm Naftogaz, Reuters quoted the Nordic firm as saying.
Some British utilities are planning to harness the biomethane gas produced at sewage treatment plants to create residential power for cooking and heating.
Serbia is going to start the construction of the South Stream gas pipeline at the end of 2014, Serbian Ambassador to Russia Slavenko Terzic said on Friday.
A sharp fall in energy prices around the world signals worse to come for the slowing global economy as China's decade-long boom peters out, in addition to Europe's long struggle with recession.…
