Deep in the forests of the US South, tree scraps are fueling a little-known but controversial energy boom: wood pellets. Long used to heat homes in the country's Northeast, they're now destined…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Supply of Saudi Arabian crude oil increased by 40,000 barrels per day (bpd) in November, despite a global oil glut that is choking prices, Reuters reported. Saudi supplied 9.420 million bpd of…
Libya’s National Oil Corp. declared force majeure on the oil ports of Es Sider and Ras Lanuf, and is taking measures to halt output at some oil fields because of armed clashes in the politically-…
An online tendering system for oil transactions is to commence by the end of the present Iranian calendar year (March 2015), the deputy for engineering affairs at the oil ministry said, IRNA…
Petrochemical complexes will have to pay an extra $3 billion for their debt to the oil ministry if a change in the official exchange rate is brought forward by three months, according to Jafar…
The European Space Agency (ESA) is cooperating with China to send small containers of crude oil into space, to gain a better understanding of how deep underground oil reservoirs operate, RT…
Iran will resort to its internal resources in line with the economy of resistance, in case sanctions are not lifted, said an official at the National Iranian Oil Company (NIOC), also announcing…
The head of the Organization of the Petroleum Exporting Countries (OPEC) said on Sunday the group had no target price for oil, signaling no change to a policy to maintain production levels which…
Germany’s plan to switch to renewables by 2022 is unrealistic as the country is doomed to remain dependent on fossil fuels like oil and gas for the next 70 years, energy expert Matthias Dornfeldt…
Last week’s oil agreement between Baghdad and the Kurdistan Regional Government (KRG) was a milestone event and the market reaction was largely fitting – Brent crude futures dropped nearly 3…
As solar panels become less expensive and capable of generating more power, solar energy is becoming a more commercially viable alternative source of electricity. However, the photovoltaic cells…
Gas tariffs for domestic consumption may increase three to five-fold in Ukraine, Naftogaz CEO Andrei Kobolev said on Friday, Itar-Tass reported.
“The government is currently…
Iran’s most efficient power plant was launched in Beshel area of Savadkuh County (Mazandaran Province) on Saturday.
The National Development Fund of Iran (NDFI) has earmarked $2 billion for the development of West Karun oilfields. The funding will be released by the end of the present Iranian year (March 2015…
Benchmark US oil prices extended losses below $58 a barrel as the International Energy Agency cut its global demand forecast for the fourth time in five months.
West Texas Intermediate (WTI…
Iran has continued to import diesel fuel in the past several months despite earlier announcement on self-sufficiency in diesel production, deputy for international affairs at the National Iranian…
First stretch of Russia’s new gas pipeline to Turkey may be built in 2-3 years, Russian deputy energy minister Kirill Molodtsov said, Itar-Tass reported. Russia and Turkey are considering the…
The Majlis approved a bill which obliges the government to determine the price of feedstock for petrochemical complexes, Fars news agency reported. According to the new law, if the government cuts…
The head of Iran-Europe parliamentary friendship group says the resolutions issued by the European Parliament against Iran have no logical basis and are disruptive to expansion of bilateral…
OPEC has lost its competence, as it failed to stabilize oil prices at the last meeting, according to Bank of America. It warns oil will slide to $50 a barrel leading to wild prices, where only…
The gas pipeline connecting the Republic of Crimea with the Krasnodar Territory of Russia will be laid under the Kerch Strait in 2018, Minister of Fuel and Energy of Crimea Sergei Yegorov said at…
The first of four reactors to be built at the Barakah nuclear plant is 61 per cent complete, and on course to be completed by 2017, according to Reuters.
The project, which is valued at $…
Iran’s budget bill for the next Iranian fiscal year (starting March 21, 2015) authorizes the four principal companies affiliated to the ministry of oil to issue foreign…
Given that output of ethane feedstock for ethylene production is set to increase in South Pars gas field, four new petrochemical projects will be launched via ethylene pipeline routes in the west…
Subsidized gasoline may be halted during the coming year, enabling it to be offered at a unified price, said a member of parliament.
