Iran and Russia have reached an agreement to build two ‘generation III’ nuclear reactors in Bushehr Province, which will be funded via an oil barter, chairman of nuclear and alternative energy…
Energy
New round of negotiations were held between Iran and China on construction of a 300 megawatts (MW) solar power plant, to help reduce air pollution in Tehran.
The third processing train of phase 12 of South Pars oil field in the Persian Gulf on Friday commenced operations by injecting sour and dry gas into the 5th national pipeline, director of phase 12…
Loading oil from Soroush and Nowruz oil fields into the new Khalij-e-Fars (Persian Gulf) floating oil storage unit (FSU) has commenced with 70,000 barrels of crude being loaded per day, Saeed…
Electric and hybrid motorcycles will come to the streets of Tehran in the near future, director of hybrid transportation project at the Air Quality Control Company said, Shana reported Saturday.…
There is general agreement that the issue of instable oil prices must be left to supply and demand, Saudi Arabian Finance Minister Ibrahim Alassaf claimed on Sunday, BRecorder reported. "Everybody…
Mellat Insurance Co. paid a sum of $4.2 million to Mahtab Gostar Company, biggest insurance compensation to a power plant, to cover the damages to Rudeshur Power Plant following an explosion in…
South Korea’s imports of Iranian crude in the first 10 months of 2014 were below the 2013 average, meeting international sanction requirements, and it imported nearly 120,000 tons from the United…
To cope with the fast-growing demand for power supply in the country, Indonesia is considering building nuclear power plants with an initial capacity of 5,000 MW by 2025 despite massive opposition…
Oil prices are likely to continue falling well into 2015, the International Energy Agency said.
The IEA, a consultancy to 29 countries, said weak demand and the US shale gas boom meant…
GAIL (India) Ltd. reported the establishment of a company that will build, own, and operate the 1,800-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.
Oil Minister Bijan Namdar Zanganeh said the decline in oil price has impacted Iran, but there are some tools to minimize the damage, Trend reported.
Zanganeh said that a significant drop in…
The economic commission of parliament approved a development plan for the completion of the remaining South Pars phases in the Persian Gulf, and investors will be called in the near future…
China is to open a credit line for energy projects in Iran, a deputy energy minister said Saturday.
The government is to amend and extend its previous terms for a line of credit (LOC) by…
Gasoline imports have reduced by 50 percent due to average consumption falling to less than 70 million liters per day in the present Iranian calendar year (started March 2014), deputy of the…
Electricity is being exported at 8-11 cents per kilowatt-hour (kWh) on average, Esmael Mahsouli, deputy energy minister said, ILNA reported on Saturday.
"The price of electricity for export…
Banks in Japan and South Korea, the world’s biggest importers of liquefied natural gas, are set to lend $1.5 billion to Mitsubishi Corp’s Donggi-Senoro LNG project on the…
Venezuela’s foreign minister Rafael Ramirez, whose country supports an OPEC output reduction, held a meeting with oil minister Bijan Namdar Zanganeh to discuss oil prices, on Saturday in Tehran,…
Saudi Arabia’s oil minister dismissed talk of a price war as having “no basis in reality” in his first public comments since crude plunged into a bear market last month.
Iran will have to offer attractive terms to draw investment by international oil companies because the firms have become more risk-averse and focused on profitability, a senior executive of French…
The government of Iraq and the semi-autonomous region of Kurdistan have reached a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, Iraq's …
Indian Oil Corp (IOC), the country's biggest refiner, is exploring options including a merger to save loss-making unit Chennai Petroleum Corp (CPCL). However, CPCL's attempts to raise funds have…
Storage capacity in the Bahregan oil field in the Persian Gulf reached 5.8 million barrels with the installation of a new storage unit capable of holding up to one million barrels, Saeed Hafezi,…
A 162 megawatt (MW) power plant developed by Iranian experts was inaugurated in Iraq, near the southern city of Najaf, Tasnim news agency reported.
The Iranian and Iraqi energy ministers on…
Iran an Indonesia signed a memorandum of understanding (MoU) to establish a joint venture for the export of petrochemicals and petroleum products, Mehdi Sharifi-Nik, managing director of the…
