Iran is targeting Asia’s growing demand for refined oil products with a $2.8 billion project to add 480,000 barrels a day of processing capacity at the Siraf refinery on the Persian Gulf coast.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Japan's nuclear watchdog on Wednesday gave the green light to restart one more atomic reactor, weeks after the government said a fifth of the country's electricity supply should come from atomic…
Two gas processing units of Phase 19 of the South Pars gas field will come on stream by the end of the present Iranian year (March 2016), public relations department of the Pars Oil and Gas Co. (…
Syria and Iran have signed several agreements in the oil, electricity and industrial sectors, SANA reported.
A Swiss arbitration panel has issued a ruling whereby an Israeli oil company is mandated to pay more than $1.1 billion in compensation to the National Iranian Oil Company (NIOC) concerning a…
For the first time in Iran, treated wastewater will be used instead of potable water in cooling towers at the Shahid Mofateh Thermal Power Plant (SMTPP) in Hamadan, and upon completion of the…
The Oil Minister Bijan Namdar Zanganeh told a meeting Tuesday, "In order to create an incentive for energy service companies (ESCO), a program with a budget of $1.2 billion has been launched to…
Ghana's oil production will rise six-fold by 2018 to an estimated 242.3 million barrels from 39.1 million barrels this year as new fields start production, Finance Minister Seth Terkper said on…
Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement. Under the 28-month contract, Zhongman…
Goldman Sachs slashed its crude price forecasts for 2016 to 2020, citing improved US shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity. However, the US…
An Iranian gas condensate shipment has been stored at sea in a supertanker due to technical problems occurred in a Chinese refinery where the shipment was due for arrival, Mehr news agency…
Iran has achieved the technology to desalinate crude oil using electrostatic methods, research and technology director at the oil ministry said during a ceremony where the unit was unveiled, IRIB…
A trilateral contract will be signed in the near future between Iran, Armenia, and Georgia for power exchange between the neighboring countries, said deputy energy minister following a meeting…
Narsi Ghorban, a prominent Iranian energy analyst from London University, in a recent lecture at the Sharif University of Technology in Tehran said, "The best strategy to export gas to Europe is…
The manufacture of the first fully- indigenized gas turbine will be completed before winter, managing director of the Iranian Gas Transmission Company (IGTC) said, Tasnim news agency reported…
A 40 percent drop in oil prices over the last year has shaken up the energy sector, forcing companies to re-evaluate projects worth billions of dollars and sift through balance sheets to cut costs…
Russia’s top natural gas producer Gazprom has cut its 2015 production plan to 450 billion cubic meters (bcm) after warmer weather hit demand, company officials said on Tuesday, the second such…
Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year,…
The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel. The International Finance Corp. is investing $150 million…
The construction of offshore processing platforms of the South Pars gas field phases 17 and 18 will be carried out by the Iranian Offshore Engineering and Construction Company (IOEC), the company’…
The Maritime and Port Authority of Singapore said on Monday that it has requested the Iranian maritime authorities to investigate an incident last week when Iranian vessels fired shots at a…
Completion of the Sardar-e Jangal oil field in eastern Gilan is almost impossible due to technological and financial constraints and was rejected by the government. Furthermore, it also is not a…
The second memorandum of understanding (MoU) has been signed between the National Iranian Oil Refining & Distribution Company (NIORDC) and the private sector for construction of small-scale…
The Organization of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.
Asked if OPEC…
The National Iranian Drilling Company (NIDC) has added two heavy onshore drilling rigs to its drilling fleet, a senior official at the NIDC said.
Fat'h 94 and 95 electronic drilling rigs…
