Through production of 4.2 million barrels of oil, some 450,000 barrels of polluted water is discharged into the environment, said the research and technology manager of the National Iranian Oil…
Energy
Gasoline imports dropped from an average 10 million liters per day (ml/d) last year to only 4.5 ml/d in the current Iranian year (ending March 20), indicating a 55 percent decrease, managing…
More than 40,000 megawatts (MW) of technical capacity for wind energy has been identified in the country, managing director of Renewable Energy Organization of Iran (SUNA) announced.
Kuwait has awarded a $4.2 billion contract to develop heavy oil fields in the north of the country, the central tenders committee announced. The project, called Lower Fars Heavy Oil Development…
Ukrainian coal production fell 22 percent in 2014 to 65 million tons after the pro-Russian separatist conflict disrupted mining operations in the country's eastern industrial heartland, deputy…
European natural gas trading rose to a record on the Intercontinental Exchange Inc. last year as the continent faced the threat of supply disruptions from Russia.
One of the most honest and direct announcements regarding the oil industry was made on Dec. 31 by Mohsen Qamsari, director of the International Affairs Department of the National Oil Company. He…
Oil giant Shell has agreed to pay a Nigerian fishing community about $83.5 million for the worst oil spill ever suffered in Nigeria, Aljazeera reported.
Iran is ready to increase diesel exports to Afghanistan, said deputy oil minister, adding that negotiations are underway to prepare the ground for oil exports to the eastern neighbor.
A total of 30 million barrels of oil was produced at joint Yadavaran oilfield since January 2012, making it as the only joint field where Iran's production has exceeded that of the other holder.…
During the previous administration, Mapna Group acquired power plants, with a total generation capacity of 2,000 megawatts (MW), in lieu of the energy ministry's debts to the company, its managing…
Thailand's energy demand is expected to rise 2.9 percent in 2015, in line with the country's economic growth, up from a rise of 2.2 percent a year earlier, the energy ministry said on Wednesday.…
The price of Iranian crude oil has declined below $50 a barrel, amid a global supply glut that has pushed international oil prices to a five-and-a-half-year low, Tasnim news…
Ukraine’s 2014 natural gas imports from the Russian Federation amounted to 14.5 billion cubic meters, compared to 28.5 bcm in 2013, the press service of Ukraine’s gas transportation system (GTS)…
Two of Japan's biggest buyers of Iranian crude, JX Nippon Oil & Energy Corp and Showa Shell Sekiyu KK, are set to keep their purchases from Tehran largely steady in 2015, their top officials…
Production from North Yaran oilfield, which is shared between Iran and Iraq, will reach 15,000 barrels per day (bpd) by the end of June, said the oilfield’s manager, Shana news agency reported.…
Private sector’s participation in energy projects has been affected by a lack guarantee for the return of the money invested in infrastructure and power plant projects, managing director of the…
Dozens of foreign companies have expressed their interest in investing in Iran's natural gas development projects, Shana news agency reported on Tuesday.
Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.The plunging prices had a…
Bank Mellat has signed an agreement with the National Development Fund of Iran (NDFI) to operate as its agent in three major energy projects, managing director of the bank announced Tuesday.
Bushehr Nuclear Power Plant has produced three billion kilowatt hours of electricity since it was connected to the national power grid three years ago, Mehr news agency quoted the director of the…
Oil Minister Bijan Namdar Zanganeh has described the physical progress of the current projects on the South Pars gas field as 'unprecedented'. According to Moj news agency, the minister added that…
Iranian engineers have completed the construction of a natural gas-fueled power station and a refinery near the Omani capital Muscat, Tasnim news agency reported Monday. “We followed all the…
The cities of Tehran and Tabriz have been selected for implementing a pilot project to burn waste to generate electricity, Mehr news agency reported, citing municipality officials.
An oil spill has been contained south of the country shortly after it reached the Karkheh River basin, but the response team managed to prevent the spill from polluting the large reservoir of…
