The consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at 'Block 9' in Iraq, Zawya reported.
The successful discovery…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices rose in Asia on Friday as dealers reacted to a surprise attack on Libya's main oil terminals that left 22 soldiers dead, AFP reported.
US benchmark West Texas Intermediate…
The private sector active in the petrochemical industry has nowhere near the necessary financial resources to fund developmental projects. The government and parliament need to collaborate in…
Iranian heavy crude oil prices have dropped in global markets in line with an international fall in oil prices, and not in competition with other OPEC members, said a deputy oil minister.
A German company has offered $1 billion to help build a solar power station in Iran, the deputy energy minister on international affairs, Esmail Mahsuli, announced.
"German companies have…
Kuwait has commissioned a new natural gas plant that will raise its production capacity to more than two billion cubic feet a day, officials said.
Qatari energy company Nebras Power is planning to invest about $14 billion in Turkey's energy sector mainly for development of coal power plants and coal mines in the Afisn and Elbistan areas…
The 11th International Kish Energy Exhibition is scheduled to be held on Kish Island from January 12-15, few weeks before the new Iran Petroleum Contract (IPC) model is set to be unveiled in…
The need to gradually transition from hydrocarbon sources of energy, like gas, oil and coal, to renewable ones is understood throughout the whole world now, and Kazakhstan is no exception.
Two Fat'h drilling rigs have been relocated from the National Iranian South Oil Company to the joint South Azadegan Oil Field following instructions from Oil Minister Bijan Namdar Zanganeh who has…
British oil and gas company BP is in talks to buy a direct stake in an East Siberian oil producer from OAO Rosneft, the Russian oil producer facing US and European financing bans, according to a…
The European Commission has suspended the procedure on exemption from the Third Energy Package for the OPAL (Ostsee-Pipeline-Anbindungsleitung) gas pipeline, a representative for the EU executive…
A solar powered water desalination pilot project has been initiated in southern Hormozgan Province, Tasnim news agency reported Wednesday.
The National Iranian Oil Company (NIOC) has started exploration for shale oil in west Iran, NIOC director for exploration said, Mehr news agency reported Wednesday.
Approximately eight to nine billion dollars worth of petrochemicals are exported annually by the Persian Gulf Petrochemical Industry Company (PGPIC) subsidiaries, the company CEO Adel Nejadsalim…
Ukrainian state energy firm Naftogaz transferred $1.65b to Russia's Gazprom - the second tranche of a debt repayment agreed under a deal that saw Moscow resume gas supplies to Ukraine ,…
India has provided two Iranian insurers a six-month extension to cover Iranian vessels calling at ports in India, Business Insurance reported. The extension was provided to QITA P&I Club and…
Three gasoline producing units are under construction in Abadan Refinery, IRNA quoted a senior oil official as saying.
Gasoline production will improve once operation from the new units…
Libya's oil output cannot even cover its own needs, the National Oil Corp (NOC) said on Monday, as the country struggles with fighting and protests that have hampered production since the 2011…
Total SA and its partners will use a record 16 ice-breaking tankers to smash through floes en route to and from the Arctic’s biggest liquefied natural-gas development.
They’re still looking…
Statoil has sold part of its stake in a shale field in the northeast of the United States to Southwestern Energy for $394 million, the Norwegian energy firm said on Tuesday.
Like its rivals…
China’s November crude oil imports from Iran 2.13 million tons, or 517,560 barrels per day (bpd), up 53 percent from 338,635 bpd in October, according to Reuters. However…
The per capita water consumption is close to 200 liters per day, head of the research center at the National Water and Waste Water Engineering Company said, Tasnim news agency reported Monday.…
Gas production in the South Pars (SP) gas field in the Persian Gulf has reached 100 million cubic meters per day, meaning that the target set by the Oil Minister Bijan Namdar Zanganeh in March to…
The Majlis has initiated plans to accelerate the development of the solar energy industry by the private sector, managing director of the Tehran Electricity Distribution Company (TEDC) said, Mehr…
