Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • UAE Stakes for Italy's Eni
    Abu Dhabi National Oil Company said on Sunday it has signed 40-year agreements with Eni, awarding...
  • Iranian universities signed contracts with NIOC to conduct research and development studies on different oil and gas blocks.
    The National Iranian Oil Company has signed deals with five top Iranian universities on studying the country's hydrocarbon reserves and conducting oil and gas discovery activities. The contracts...
  • Brent, WTI Prices Fall on US Output Rise
    Oil prices fell on Monday on expectations that US output will rise this year, erasing earlier gains buoyed by lower weekly US rig counts and falling US unemployment.
  • Iraq to Reduce Oil Products' Imports by 25 Percent
    Iraq’s Oil Ministry on Monday said the nation would reduce its petroleum products' imports by 25%, as crude oil refineries are being rehabilitated following the destruction caused by the self-...
  • Euro-4 Gasoline Indices Improve
    Euro-4 gasoline indexes are regularly checked to ensure they do not violate international standard levels, director of the Comprehensive Monitoring Office at the Department of Environment said. "...
  • Tavanir to Electrify  Remote Villages
    Supplying electricity to villages in far-flung areas is on the agenda of Iran Power Generation, Distribution and Transmission Company (Tavanir), the head of the rural electricity supply project...
  • Highly Efficient Gas Turbines Indigenized
    Iran's engineering MAPNA Group has successfully indigenized an improved design of a highly efficient gas turbine for use in domestic and foreign power stations, an official in the energy enterprise...
  • Jordan Selects Finalists to Bid for Renewables
    Jordan selected 45 companies, including France’s Total SA and Saudi Arabia’s ACWA Power, as finalists to bid for six solar and wind energy power plants with a total capacity of 300 megawatts.
  • Shell: Cleaner Power Lacks Sizzle, Viability
    There will be at least one home still welcoming fossil fuels in the face of a growing threat from cleaner resources, according to Royal Dutch Shell Plc.  
  • Five waste-to-energy plants are currently active in Tehran, Shiraz and Mashhad.
    Iran's waste-to-energy plants can now generate 11 megawatts of electricity daily, the managing director of Renewable Energy and Energy Efficiency Organization (aka Satba) announced. "Five WTE...
  • Petrochem Cooperation With Universities to Enter 2nd Phase
    The second phase of cooperation between the Petrochemical Research and Technology Company, a subsidiary of National Petrochemical Company, and four domestic universities and institutes will start...
  • France, India to Expedite Nuclear Power Project
    The leaders of France and India reiterated their intention to start work by the end of this year on what could become the world’s largest nuclear power plant, advancing talks that have continued...
  • $1.6 Trillion in Global Fossil Fuel Investments at Risk
    The fossil fuel industry is putting $1.6 trillion of investment at risk if the world gets its act together and tries to adhere to the climate change targets as part of the Paris Climate Agreement...
  • Renewed Call for Expanding Wastewater Network
    The most stable strategy for having long-term access to sustainable water resources is by expanding wastewater treatment projects. Energy Minister Reza Ardakanian made the statement in a ceremony...
  • US Gas Export to Boom
    A cold winter in China could be signaling a hotter market for a new wave of US natural gas exports sooner than expected.  
  • Brent, WTI Crude Futures Rise Nearly $2
    Oil prices rose nearly $2 on Friday, rebounding from two days of declines as Wall Street climbed on strong...
  • Iran has signed 11 memoranda of understanding with seven Russian firms.
    Negotiations with two unnamed Russian oil companies on taking over the development rights of three Iranian oilfields are in the final stages, the National Iranian Oil Company’s deputy for...
  • 1st SP Flare Gas Deal Signed
    South Pars Gas Company has signed a deal with an unnamed domestic firm on transferring the associated petroleum gases from Phase 12 of the giant South Pars Gas Field in Persian Gulf. According to...
  • Petronas Eying South Pars
    Malaysia’s state-owned Petronas plans to upgrade its refinery in Kerteh, Terengganu, by 2022 and is looking for new condensate suppliers, including Iran's giant South Pars Gas Field in the Persian...
  • Oil Giants Targeted in PDVSA Bribe Suit
    Oil trading giants, including Glencore Ltd. and Vitol SA, paid millions of dollars to a former PDVSA trader...
  • 400-kV Substation for Jahrom
    A 400-kilovolt substation was inaugurated on Thursday in Jahrom in Fars Province in a ceremony attended by Energy Minister Reza Ardakanian. The combined cycle substation went on stream at a cost...
  • $7.5b of Maersk Oil Acquisition Finalized
    Total announced on Thursday the closing of the $7.5-billion acquisition of Denmark’s Maersk Oil...
  • Shell, Aramco to Team Up on Gas Projects Worldwide
    Shell and Saudi Aramco signed on Thursday a preliminary agreement to pursue gas...  
  • Plans call for increasing propylene production to 4 million tons per annum in 2021.
    The Petrochemical Research and Technology Company of Iran finalized an agreement with France's Air Liquide Engineering and Construction Company on transferring state-of-the-art technology and...
  • Iran's March Oil Exports Fall
    Iran’s crude and condensate exports are set to fall to a two-year low this month, as loadings for...

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