Iran has suspended power supply to Iraq since the beginning of 2017 after its electricity export contract with the Arab neighbor ran out at the end of last year, a top energy official said on…
Energy
Tehran is expected to hold the first international tender to develop its oil and gas fields later this month, Ali Kardor, the head of National Iranian Oil Company said.
"The first oil…
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will drain a…
Solar power is now cheaper than coal in some parts of the world. In less than a decade, it is likely to be the lowest-cost option almost everywhere.
Russian oil production in December stood unchanged at 11.21 million barrels per day, flat month on month and at its highest in almost 30 years, energy ministry data showed on Monday.
Russia…
There is a wide variety of opinions on whether or not OPEC will deliver on its promised cuts of 1.2 million barrels per day, and a lot hangs in the balance.
An explosion occurred at a gas pipeline near Azerbaijan's capital Baku early on Monday, the country's emergencies ministry said, the second such incident in a week. The explosion hit the Baku-…
The government is obliged to curb the flaring of natural gas to 10% or lower by 2021, according to a law passed by the Majlis on Sunday.
The measure was part of a slew of ratifications by…
Export of petrochemicals will exceed 20 million tons by the end the current fiscal (March 2017), Farnaz Alavi, a member of the board of the state-run National Petrochemical Company, said Monday.…
Strategic stockpiles of diesel and mazut to be used as alternative fuels to run thermal power plants in northern provinces has increased considerably compared to last year, managing director of…
Costa Rica Ended 2016 on a particularly green note. The Central American nation ran entirely on renewable energy for more than 250 days last year, the country's power operator announced…
The National Iranian Oil Company on Monday issued a list of 29 international companies approved to bid in the country’s dozens of oil and gas tenders.
Iran has halted natural gas imports from Turkmenistan, the Oil Ministry said in a statement on its website Sunday.
The statement came a day after Oil Minister Bijan Namdar Zanganeh said…
Production from South Yaran Oilfield near the Iraqi border is set to begin by March – the end of the fiscal Iranian year.
"We will start production from South Yaran at 10,000 barrels per…
Oil prices will gradually rise towards $60 per barrel by the end of 2017, a Reuters poll showed, with further upside capped by a strong dollar, a likely recovery in US oil output and possible non-…
One of China's top coal-producing provinces has vowed to slash its level of fine particle pollution by one-fifth by 2020, the official Xinhua news agency reported on Saturday, citing the…
Parliament passed a bill on Saturday defining a roadmap for energy consumption and production over the next four years. The bill was part of the legislation for the sixth five-year economic,…
In a major move to bolster long-term investment in the petrochemical sector, the Majlis ratified a law last week to uphold a previous formula that determines feedstock prices for…
An estimated 1,800 megawatts in new electricity production capacity is planned to be added to the national power grid by the end of the current fiscal year in March, of which 1,640 MW is already…
Iran is now producing more natural gas than crude oil, a top energy official said on Saturday.
"Production of natural gas, condensates and gas derivatives stands at 4.5 million barrels of…
Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply…
Tehran and Ashgabat reached a preliminary agreement to settle a gas dispute before approaching international arbitration, Oil Minister Bijan Namdar Zanganeh said, adding that negotiations are…
Investors are showing no sign of turning their backs on oil heading into 2017. Money managers’ wagers on rising West Texas Intermediate crude prices are triple what they were at the end of 2015,…
The National Iranian Oil Company signed a memorandum of understanding with Tenco, a subsidiary of Khatam-al -Anbiya construction group, to study five gas and oilfields.
After an edgy 2015, marked by the historic nuclear agreement signed between Iran and the six world powers, Tehran hit the ground running last year as the nuclear deal came into force in mid-…
