The government will no longer allocate subsidized gasoline to passenger vehicles at a price of 70,000 rials, and regular gasoline will be offered at a single price of 10,000 rials (around 30 cents…
Energy
A new round of negotiations between Iran and Indonesia led to an agreement to construct 48 power plants by Iranian experts in the southeast Asian country, Mehr news agency reported.
The US recently began construction of its first offshore wind plant, a 30-megawatt (MW) farm consisting of five turbines, which is expected to start its operation in the fourth quarter of 2016.…
Alberta forest fires have prompted the shutdown of about 9 percent of Canada’s oil sands production, Bloomberg reported. Cenovus Energy Inc. closed its 130,000-barrel Foster Creek operations and…
Oil production ceiling of OPEC member states will not decline unless they forge a consensus in their next meeting on June 5 in Vienna, Mehr news agency quoted Oil Minister Bijan Namdar Zanganeh as…
Electricity and natural gas prices in Iran are approximately seven and 12.5 times lower than the global average, head of the Iran Energy Efficiency Organization, SABA, said on Saturday.
The launch of the Turkish Stream can be expected no earlier than 2017, according to the Turkish Ambassador to Russia.
"The pipeline is expected to run only after 2017," ambassador Umit…
First Vice President Es'haq Jahangiri has called on the energy ministry to hand over as many incomplete projects as possible to the private sector, in a meeting where concurrent production of…
A subsidiary of the National Iranian Oil Company has managed to obtain a bunkering license. The private enterprise whose name has not been revealed, will strive to do its fair share in increasing…
Almost 90 percent of the entire equipment and commodities utilized in Siraf refineries project will be procured by domestic manufacturers, director of the project said, Shana news agency reported…
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries,…
Emirates National Oil Co (ENOC) has made a $5.6 billion offer to buy minority shareholders’ stakes in Dragon Oil, Arabian Oil & Gas reported. ENOC, which already owns 54% of the exploration…
Gas exports to Iraq, which was initially due in May, is delayed for at least a month because of technical and financial impediments, managing director of the National Iranian Gas Company (NIGC)…
Futures prices indicate the physical market is easily absorbing the large volume of crude being supplied and global rebalancing is well underway.
Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit,…
Plans outlined for the petrochemical industry seemingly aimed at preventing the export and sale of raw material, cannot be put into effect now.
Gasoline could be offered at a single rate of 10,000 rials (around 30 cents) per liter for passenger vehicles this week in petrol stations nationwide, following a delay in recharging of smart fuel…
More than 33 oil and gas wells were drilled in the first two months of the current Iranian calendar year (began March 21), drilling manager at the National Iranian Drilling Company (NIDC) was…
State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a $910 million, ten-year loan from local and regional banks, which will be used to fund development projects,…
Italian utility Enel plans huge investments in renewable energy and grids in Africa, World Bulletin reported. in five years Enel expects to have built up to 5,000 megawatts of renewable energy…
China's crude imports from Iran fell 11.6 percent in April from record shipments a year ago but were still the highest in 11 months, official customs data showed on Friday.
China's imports…
Exxon Mobil Corp. is ramping up efforts to track US government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three…
Iran is signing gas export deals throughout the Persian Gulf as it gets its energy sector back on track after years of neglect.
The latest deal, signed on Thursday, will see Iran export a…
Production from Bahregansar oilfield has increased by 2,100 barrels of oil per day (bpd) after wells number 17 and 18 in Asmari layers of the Persian Gulf went into operation, head of Bahregansar…
Construction of the last phase of West Ethylene Pipeline from Miandoab to Tabriz commenced pursuant to President Hassan Rouhani's visit to East Azerbaijan Province on Thursday, managing director…
