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February 24,2018
Close to 98.5 billion cubic meters of natural gas have been extracted from Sarkhoun Gas Field in Bandar Abbas, Hormozgan province, during the last 31 years, the managing director of Iranian Central...
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February 24,2018
The new World Energy Outlook is the story of a series of upheavals in global energy, particularly the dramatic changes in the Unites States and China and the rising role of renewables and...
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February 24,2018
OPEC and its allies, including Russia, may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, Saudi Arabia’s oil minister said.
"With the...
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February 24,2018
Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran, the...
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February 24,2018
Serious negotiations are underway with water-rich neighboring countries to pump more water from shared basins, the energy minister said.
"Plans are in place to cooperate with neighboring states,...
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February 24,2018
Russia remained the top crude oil supplier to China in January, data showed, beginning 2018 on a strong note after the inauguration of an expanded trans-Siberia pipeline and as Beijing released...
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February 23,2018
A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives.
Mohammad Sadeqzadeh, the head of Renewable Energy...
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February 23,2018
Gachsaran Oil and Gas Production Company, a subsidiary of the National Iranian South Oil Company, is currently producing 620,000 barrels of crude oil per day, the company's managing director said...
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February 23,2018
A quartet aims to complete the 1,840-km (1,143-mile) pipeline and begin pumping natural gas from Turkmenistan’s giant Galkynysh gas fields by early 2020.
Turkmenistan, Afghanistan, Pakistan and...
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February 23,2018
Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs.
US oil production...
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February 23,2018
Iranian gasoline consumption in the first 11 months of the current fiscal year (started March 21) reached an average of 80.2 million liters per day, data released by National Iranian Oil Products...
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February 23,2018
Collective oil output from the West Karun block, which is shared with Iraq, is slated to reach 1.2 million barrels per day, the chief executive officer of Iran’s Petroleum Engineering and...
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February 23,2018
China will exceed US nuclear power production soon due to recent initiatives taken by Beijing to accelerate the adoption of alternative fuel source, according to an International Energy Agency ...
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February 21,2018
The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according to a...
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February 21,2018
Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and by an expected rise in US crude production.
Brent crude futures were last down 71...
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February 21,2018
Boosting the country's petrochemical revenues entails expansion of target markets, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said.
"Petrochemical exports...
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February 21,2018
Some 150 natural gas pressure regulating stations have been equipped with special devices that can stop gas flow in case of emergency situations like earthquakes. Hamidreza Araqi, the managing...
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February 21,2018
The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time.
In its benchmark...
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February 21,2018
National Iranian South Oil Company can implement complicated technological projects in cooperation with domestic academic centers namely the Academic Center for Education, Culture and Research,...
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February 21,2018
Major overhaul operations in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has increased the output of liquefied petroleum gas, including propane and butane, as feedstock...
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February 20,2018
Solar power is becoming an increasingly important part of the planet's energy...
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February 20,2018
Supplying natural gas to power plants, instead of liquefied fuels such as diesel and mazut, has not only curbed air pollution but also increased foreign currency revenues.
According to IRNA, air...
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February 20,2018
Data released by the National Iranian Oil Products Distribution Company shows gasoline consumption in the Iranian month to Feb. 19 averaged 80.2 million liters per day.
Gasoline used in the period...
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February 20,2018
Oil market participants and analysts have been closely watching the record level...
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February 20,2018
OPEC and non-OPEC oil producers, including Russia, will discuss extending their...