Energy

Saudi Arabia, the world’s biggest crude exporter, pledged to supply as much oil as its customers need and doesn’t anticipate any weakening in that demand.

A German energy cooperative will take legal action against the European Commission for approving state aid for a 16 billion pound ($25 billion) nuclear power plant in Britain, it said on Wednesday…

A 200-ton waste-to-energy (WTE) power plant went on stream in Kahrizak District, southern Tehran, with cooperation of the Bank Refah Kargaran and the help of Chinese finance, IRIB reported.

At the end of the weekly cabinet meeting on Wednesday, President Hassan Rouhani inaugurated two hybrid cars, which function on both gasoline and electricity, IRNA reported.

Iran and some of its neighbors, including Turkmenistan and Russia, are in a tough competition for a bigger share of the global gas market. According to a new report, the issue of converting…

Oil rebounded by more than $2 toward $62 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from their biggest one-day loss in a month,…

Managing director of Isfahan Gas Company said 3.7 billion cubic meters of gas was delivered to power plants of Isfahan Province over the first 11 months of the current Iranian year (ends March 20…

The National Iranian Oil Company (NIOC) has two years to clear its debts, as stipulated in next year's budget (March 2015-2016), deputy oil minister Mansour Moazzami said in a statement on Tuesday…

Iran plans to earn over $13 billion from export of petrochemical products of South Pars Phase 2 in Assalouyeh in the coming years, deputy director of the National Petrochemical Company said…

Iran has disproved Turkey’s allegations regarding problems in Tehran’s gas supply to its northwestern neighbor, director the National Iranian Gas Company said Tuesday.

Hamidreza Araqi said…

The US-led oil embargo notwithstanding, Iran's crude oil production capacity stands at four million barrels a day, said deputy oil minister on Tuesday.

Russia and Ukraine reached an agreement to ensure natural gas supplies to war-torn Ukraine for the month of March, averting possible cuts that could have hit supplies to the European Union, AP…

Bushehr nuclear plant has generated 11 billion kilowatt hours (kWh) of electricity since it started producing electricity in 2011, said head of the nuclear facility, Hossein Derakhshandeh.

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Iran and its neighbors hold more than 70 percent of world’s total gas reserves. Iran, Russia, Qatar and Turkmenistan are world’s largest gas reserves’ owners, respectively.

MAPNA Group inaugurated a wind turbine production line on Tuesday in Karaj, Alborz Province, during a ceremony attended by First Vice-President Es’haq Jahangiri, Energy Minister Hamid Chitchian,…

Energy Minister Taner Yildiz said on Monday Turkey will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave…

German energy company RWE says it has completed the $5.7 billion sale of its oil and gas exploration and production division to a Russian-linked investment company, AP reported.

The head of Rosenergoatom said Iran and Russia have signed an agreement on the provision of services to the Bushehr nuclear power plant.

Rosenergoatom Chief Executive Officer Evgeny Romanov…

At a time when sanctions have impeded the government's ability to import oil products, private sector has offered assistance and served the oil ministry to this end, incurring high risks while…

The agreement for exporting gas to the Iraqi city of Basra is all but finalized, managing director of the National Iranian Gas Exports Company said Monday, Shana news agency reported.

A solar-powered plane made a third successful test flight in the United Arab Emirates on Monday ahead of a planned round-the-world tour to promote alternative energy, AFP reported.

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Iraq's Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding and he expected to see a barrel of crude selling at around $65.

"I don't think they will…

While proceeding with part of the budget pertaining to the government’s expenditures, members of the parliament on Sunday provided for issuance of 150 trillion rials ($5.4 billion) of fixed-rate…

Increasing the diameter of Veresk-Sari pipeline in the northern Mazandaran Province will help double oil products transfer capacity, an official from Iran’s Oil Pipeline and Telecommunication…

The Economic Cooperation Organization should set up a regional electricity market with the aim of monitoring and supplying power demands of its member states, director of the Organization for…