All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Having supported the development of more than 160 megawatts of renewable energy since 2012, the LEGO Group has achieved its 100% renewable energy target three years ahead of schedule, the Danish…
Iraq has made a $300-million payment to Iran under a power export agreement, according to Azeri news media Trend, quoting Iran’s Deputy Energy Minister Houshang Falahatian. Another $800…
Hamidreza Araqi, managing director of the National Iranian Gas Company (NIGC), has denied speculations that his company is underselling gas to Turkey.
"The so-called discount in gas exports…
South Africa, a net importer of refined oil products, is looking to West Africa and the Middle East, including Iran, for potential partners in a new refinery project, energy ministry officials…
The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief…
Pars Oil and Gas Company (POGC) is coming up with a scheme to raise gas extraction from the giant South Pars field in the Persian Gulf, the company's chief executive officer said.
Not even an extended OPEC deal may suffice to lift the world’s worst-performing equities this year out of misery.
An OPEC panel reviewing scenarios for next week's policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said on Friday.
It will take a minimum of two years for petrochemical investments to pay off, said an official at the state-run National Petrochemical Company, urging a mid- and long-term vision to develop…
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading…
Germany approved 807 megawatts of capacity at onshore wind parks on Friday, saying the price at which it awarded the projects came below expectations in a sign that competition in the industry…
In line with the declared policy to ramp up oil output from shared oilfields with Iraq in the West Karoun oil block in Khuzestan Province, using modern equipment like mobile oil treaters (MOTs)…
Saudi Arabia's crude oil exports rose by 275,000 barrels per day in March from February, and it built stocks that month despite a fall in crude production, official data showed on Thursday. OPEC's…
A global supply glut in liquefied natural gas will persist for the next two to three years, the CEO of Thailand's state-run oil and gas giant PTT told CNBC. "Globally, we have surplus capacity in…
Export of natural gas to Iraq could commence in a week, managing director of the National Iranian Gas Company said in a statement Tuesday.
“A delegation from the NIGC has traveled to Iraq…
In line with policies to curb flaring of natural gas in refineries, the first flaring torch at the first South Pars Refinery in the city of Asalouyeh, Bushehr Province, was shut down on Wednesday…
Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world’s biggest oil seller and its largest importer.
Oil prices strengthened on Wednesday ahead of US crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing the persistent global…
The government has developed several renewable power projects as well as 12 initiatives to produce electricity from fuel cells as part of efforts to raise the trifling share of renewables in the…
Annual export of crude oil byproducts is expected to rise by 200,000 barrels a day to 600,000 barrels daily in the present Iranian fiscal year that ends in March 2018, says Mansour Riahi, chief…
The US Energy Information Administration has estimated that the oil export revenues of OPEC members last year declined by 15% compared to 2015 to $433 billion. According to the EIA, this was…
Senior Iranian and Indian officials met in Tehran on Tuesday to discuss and settle a recent dispute over oil and gas ties.
The meeting was held between Amirhossein Zamaninia, deputy oil…
China and India have surpassed the United States to become the two most attractive countries for renewable energy investment, a report by UK accountancy firm Ernst & Young showed on Tuesday.…
The Iranian Oil Pipeline and Telecommunications Company (IOPTC) is ready to transfer oil derivatives from the newly-launched Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan…
