Global mining and commodity trading firm Glencore met with Iranian officials in Tehran to discuss possible business deals, should economic sanctions be lifted, industry sources said on Thursday.…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Officials in Florida, Alabama, Mississippi, Louisiana and Texas announced an $18.7 billion settlement with BP on Thursday that resolves years of litigation over the deadly 2010 Gulf of Mexico oil…
The National Iranian Tanker Company has devised different scenarios to return to the European market, especially new markets, once sanctions against the country are lifted, managing director of…
Ukraine cut off electricity and train services to Crimea on Friday, moves that could raise tensions with Russia, which annexed the peninsula in March. The power cutoff is the second this week by…
A large fire occurred at the Paluel Nuclear Power Plant in Normandy, France, Sputnik reported Friday citing the plant management. According to the newspaper, the fire started at…
Natural gas production has increased 10% in the first three month of the current Iranian year (March-June), compared with the same period of last year. Production of crude oil and gas…
Abadan Refinery has exported 8,000 tons of liquefied petroleum gas via more than 400 LPG carriers by land and the sea during the first three months of the current Iranian year (started March 21),…
The ground has been prepared to facilitate resumption of petrochemical exports out of Iran when the country reaches a deal with global powers over its nuclear program this week, but traders do not…
Iran will increase its oil exports by up to 60% within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday.
Despite the Oil Ministry's projection, unification of gasoline prices did not decrease its consumption, with consumption having increased in the first three months of the current Iranian year (…
Ukraine stopped purchases of Russian natural gas after its bigger neighbor took away most of a price discount and declined to sign a three-way accord with the European Union through the heating…
Energy-starved Pakistan is likely to sign a $2 billion deal with Russia for laying a liquefied natural gas pipeline from Karachi to Lahore, a sign of increasing ties between the Cold War-era…
US crude oil production rose 9,000 barrels a day to 9.701 million barrels a day in April, the highest since May 1971, the US Energy Information Administration said in monthly data released Tuesday…
Iraqi crude production reached a record this month, helping send the Organization of Petroleum Exporting Countries output to the highest level since August 2012.
Negotiations to reopen Libyan oilfields are ongoing and the level of the country's production remains stable, a spokesman for the state National Oil Corporation said on Tuesday.
Iran is likely to delay the launch of its new oil-and-gas contracts by three months until December, a senior oil official said, as the country seeks the best timing to take advantage of a…
Britain and Canada signed a memorandum of understanding on Tuesday to strengthen ties between the two countries' nuclear energy industries. The MoU was signed in London by Canada's High…
With the completion of the project to boost gas production in SPD1 platform, the capacity of South Pars Phase 1 increased to 1 billion cubic meters, Seyyed Hadi Mirbaqeri, Petropars projects…
Indian refiners currently owe nearly $6 billion after payment through Turkey’s HalkBank was stopped in February 2013 and some monies were repatriated on US directions last year.
Sources…
Asian imports of Iranian crude rose to the highest level this year in May, although buyers may have to curb any further increases if negotiators up against a deadline fail to reach a final deal on…
The national project for utilization of biofuels in transportation system will become operational in the near future, head of Biofuels Committee at the Biotechnology Development Association of the…
Nigeria's state oil company earned 8.1 trillion naira ($41 billion) from 2012 until the end of May, but only paid 4.3 trillion to the federal government, the country's National Economic Council…
Oil dropped to a three-week low amid concern that Greece’s failure to reach a deal with international creditors will prompt its exit from the euro area. The euro fell against the dollar as the…
Iran's former OPEC governor called on the parliament and the government to authorize the purchase of European refineries' shares with the purpose of securing demand for Iranian oil when sanctions…
A solar-powered plane took off from Japan on Monday on the seventh leg of its journey round the world, a trans-Pacific crossing expected to be the toughest part of the trip. If the pilot succeeds…
