An oil official called for investment in several oil storage facilities with a total of 10-million-barrel capacity to build an oil terminal in the southern port city of Jask in Hormozgan Province…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Egypt anticipates a ramp-up in oil volumes through the SUMED pipeline once Iran reenters the world market—a move that is welcomed by Cairo, the country's oil minister, Tarek El Molla, said on…
US shale oil producers, having slashed fat from 2015 budgets after a 50% drop in crude prices, risk cutting to the bone next year as they cut spending further and get ready for a prolonged…
A five-day strike cut oil production at Brazil's state-run oil company Petroleo Brasileiro SA by 100,000 barrels on Thursday, as contingency plans continued to reduce losses from the stoppage, a…
Increasing strain on ties between the member states of the Organization of Petroleum Exporting Countries is beginning to show, following suggestions by Iran and Algeria in an…
India's oil imports from Iran fell 41.5% in October from a year ago to the lowest in seven months, according to tanker arrival data obtained by Reuters, as state-run refiner MRPL cut imports due…
Turkey is willing to transit Iranian gas to European markets, Turkey's interim minister of energy and natural resources said, as the Persian Gulf country is planning to expand its gas export…
Iran could sign five major deals with foreign contractors to develop its oil and gas fields in the post-sanctions period before President Hassan Rouhani's first term in office comes to an end by…
The long-awaited Persian Gulf Star Refinery, with an overall capacity of 360,000 barrels of gas condensates, will be inaugurated ahead of schedule, the refinery's manager said on Thursday.
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The National Iranian Gas Company is committed to delivering 700 million cubic meters of gas per day to all sectors, especially households, in winter, NIGC managing director said late Wednesday in…
Oil prices held above $50 a barrel on Wednesday following a 3% jump a day earlier on the back of Brazilian and Libyan supply worries, a US pipeline outage and a general rally in riskier assets on…
Kazakhstan was a poster child of the past decade’s oil boom, building a futuristic capital on the steppe with its hydrocarbon riches, but this year’s tumble in prices has pushed many of Kazakhstan…
The German Cabinet on Wednesday approved a plan to pay utilities to set aside some of their coal-fired power capacity, as Europe's biggest economy looks to ensure stable supply and reduce carbon…
The government is keen to attract foreign investment to develop the energy sector on the heels of sanctions removal, with a Turkish company willing to fund electricity projects in the Persian Gulf…
Energy Minister Hamid Chitchian said the simultaneous development of national electricity and gas networks has come at a huge price for Iran.
Khazar Exploration and Production Company will unveil four of its mega projects in the conference slated to announce the details of the new Iran Petroleum Contract in Tehran, said managing…
Major petrochemical companies of Germany and Turkey have expressed readiness to invest in Maku Free Trade Zone, director general of the Maku FTZ said on Wednesday.
"Implementing big…
Persian Gulf Arab oil producers are delaying some field maintenance until next year to keep production high and reduce costs, as they forecast weaker oil prices in 2016, industry sources said.
Egypt aims to start natural gas production from its massive offshore Zohr field in 2017, a year ahead of schedule, oil minister Tarek El Molla said.
The government's Economic Council approved the construction of four combined-cycle power plants via direct foreign investment in a session late on Monday.
The US Department of Defense spent nearly $43 million on a gas station in northern Afghanistan and has been unable to explain why it cost so much, a US special inspector reported on Monday.
An official at Malaysia's Petronas said the state-owned oil and gas company is ready to resume the import of Iranian crude by 50,000-60,000 barrels a day after the sanctions are lifted, raising…
Oil officials discussed grounds for cooperation in the post-sanctions period with oil and gas major Royal Dutch Shell in a meeting in the Netherlands, deputy for international affairs at the Oil…
Iran's Euro-4 gasoline and diesel production capacity will experience a 24-million-liter rise by the end of the current Iranian year (started March 21), managing director of the National Iranian…
Khazar Exploration and Production Company and the National Iranian Drilling Company concluded an exploration drilling contract, managing director of KEPCO said on Tuesday.
"NIDC will start…
