Several power plants will enter the energy bourse in the next Iranian calendar year (starting March 2015) for trading electricity, director of the energy bourse operations said, IRIB News reported…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russia and India will organize a working group on ground transportation of hydrocarbons from Russia via Central Asia to India, Russia’s Deputy Minister of Energy Yuri Senturin told. The group will…
Chevron Corporation has posted a higher-than-expected quarterly profit as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted…
Moscow and Kiev on Thursday reached a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their…
President Hassan Rouhani has submitted a bill to the parliament on establishing a free trade and industrial economic zone in the southern port of Jask, Hormozgan Province. The port is situated on…
With oil prices at new modern lows, China is seizing the opportunity to stock up.
Frontier and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25 percent off the top of global crude prices.
Six Iranian banks are going to fund the $3 billion Bid-Boland II gas refinery project, Persian Gulf Petrochemical Industry (PGPI) Company announced last week.
A consortium, comprising Sepah…
Drilling operations and development of the offshore section of Phase 11 of South Pars (SP) gas field will be handed over to either foreign or Iranian contractors, in advance of the onshore portion…
In the first nine months of 2014, the four Asian buyers of Iranian crude imported 1.14 million barrels of oil per day (bpd), up 19.6 percent from the same period last year.
Imports by Iran'…
Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry experts said.
Reuters last month reported that the EU was…
The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the Rigzone reported. The minister of natural resources has agreed to the…
The Russian government has won court approval to seize shares in Bashneft, the country’s fifth largest oil company, after the CEO of the holding company was accused of illicitly privatizing the…
BP Plc wrote off $770 million from its investment in an undersea gas block off India’s eastern coast, citing “uncertainty” about benefits flowing from the government’s gas pricing policy.
Algeria raised its oil price for November to the highest in five months after adding Venezuela, fellow OPEC member and holder of the world’s largest crude reserves, to the list of its mostly…
Ukraine will struggle with its plan to boost natural gas imports from Europe, leaving the nation with limited options to meet demand this winter after more than four months without gas from…
Iran has capacity to produce 60 million tons of petrochemicals per year. However, the output is estimated at 40 million tons, said Abbas Shari-Moghadam, deputy oil minister and managing director…
Close to 35 percent of Siraf refineries' shares will be offered on the bourse, said an official at National Iranian Oil Refining & Distribution Company (NIORDC).
Plans have been made to draw 20 million cubic meters (mcm) of gas per day from the Shourijeh storage facility starting from early November, if demand increases in the cold season, managing…
India's second largest public sector company Oil India Limited (OIL) is seeking more hydrocarbon concessions across the globe. "We are aggressively looking for a lot of good property from where we…
Oil revenue shares fell by 30 percent, Shana news agency quoted President Hassan Rouhani as saying Wednesday. He added the country needs to "endure" the current situation. Brent crude fell from $…
The National Iranian Oil Company (NIOC) settled the final payment of its $600 million debt to the Norwegian oil company, Statoil ASA, four years following the completion of work on phases 6 to 8…
Close to 1.6 million tons of natural gas condensate (NGC) worth $1.4 billion were exported from Pars Special Economic Energy Zone (PSEEZ) in October, showing a 164 percent and 170 percent…
After less than three years and spending of $128 million, an off-shore liquefied natural-gas vessel is anchoring on the former Soviet republic Baltic coast today and will convert LNG into natural…
A senior Kuwaiti official said on Sunday the Khafji oilfield, run jointly with Saudi Arabia, had been shut down for "purely technical and not political" reasons, state news agency KUNA reported.…
