More than 20 percent of electricity goes to waste in the national grid because of dilapidated equipment, managing director of Iran Power Generation and Transmission Company (Tavanir) said, ISNA…
Energy
Oil Minister Bijan Namdar Zanganeh has called on authorities to manage gas consumption in the country, in separate letters to the head of Islamic Republic of Iran Broadcasting (IRIB) and governors…
The energy ministry signed 10-year agreements with 8 major academic centers and universities for development in oil and gas fields, IRIB reported.
“The academic centers will concentrate…
The companies that will participate in a tender for creation of a supervisory control and data acquisition (SCADA) system, and telecom systems for the Trans Anatolian Natural Gas Pipeline (TANAP)…
The South Korean labor ministry has ordered the closure of two nuclear reactors under construction, after a toxic gas leak killed three workers. The incident comes in the wake of cyberattacks and…
Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term…
There are plans to attract $7.3 billion in funds for investment in the Persian Gulf Petrochemical Industry Company (PGPIC) projects, director of public relations at the company said, ILNA reported…
Russian Prime Minister Dmitry Medvedev signed an agreement to build Jordan’s first nuclear power plant. It will be a joint project with Russia’s Rosatom nuclear power corporation, RT reported.
The consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at 'Block 9' in Iraq, Zawya reported.
The successful discovery…
Oil prices rose in Asia on Friday as dealers reacted to a surprise attack on Libya's main oil terminals that left 22 soldiers dead, AFP reported.
US benchmark West Texas Intermediate…
The private sector active in the petrochemical industry has nowhere near the necessary financial resources to fund developmental projects. The government and parliament need to collaborate in…
Iranian heavy crude oil prices have dropped in global markets in line with an international fall in oil prices, and not in competition with other OPEC members, said a deputy oil minister.
A German company has offered $1 billion to help build a solar power station in Iran, the deputy energy minister on international affairs, Esmail Mahsuli, announced.
"German companies have…
Kuwait has commissioned a new natural gas plant that will raise its production capacity to more than two billion cubic feet a day, officials said.
Qatari energy company Nebras Power is planning to invest about $14 billion in Turkey's energy sector mainly for development of coal power plants and coal mines in the Afisn and Elbistan areas…
The 11th International Kish Energy Exhibition is scheduled to be held on Kish Island from January 12-15, few weeks before the new Iran Petroleum Contract (IPC) model is set to be unveiled in…
The need to gradually transition from hydrocarbon sources of energy, like gas, oil and coal, to renewable ones is understood throughout the whole world now, and Kazakhstan is no exception.
Two Fat'h drilling rigs have been relocated from the National Iranian South Oil Company to the joint South Azadegan Oil Field following instructions from Oil Minister Bijan Namdar Zanganeh who has…
British oil and gas company BP is in talks to buy a direct stake in an East Siberian oil producer from OAO Rosneft, the Russian oil producer facing US and European financing bans, according to a…
The European Commission has suspended the procedure on exemption from the Third Energy Package for the OPAL (Ostsee-Pipeline-Anbindungsleitung) gas pipeline, a representative for the EU executive…
A solar powered water desalination pilot project has been initiated in southern Hormozgan Province, Tasnim news agency reported Wednesday.
The National Iranian Oil Company (NIOC) has started exploration for shale oil in west Iran, NIOC director for exploration said, Mehr news agency reported Wednesday.
Approximately eight to nine billion dollars worth of petrochemicals are exported annually by the Persian Gulf Petrochemical Industry Company (PGPIC) subsidiaries, the company CEO Adel Nejadsalim…
Ukrainian state energy firm Naftogaz transferred $1.65b to Russia's Gazprom - the second tranche of a debt repayment agreed under a deal that saw Moscow resume gas supplies to Ukraine ,…
India has provided two Iranian insurers a six-month extension to cover Iranian vessels calling at ports in India, Business Insurance reported. The extension was provided to QITA P&I Club and…
