South Azadegan Oilfield Development Project will be financed by Iranian companies and not foreign investments, said Mahmoud Marashi, the executive manager of Development Project.
"So far,…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A second terminal for oil and gas export will be built in the port city of Jask in Hormozgan Province, secretary-general of the Supreme Council of Iran's Free Trade, Industrial and Special…
The government has no plans to scrap fuel cards, which have attracted the attention of Venezuela, Iraq and Syria, CEO of the National Iranian Oil Production and Distribution Company said.
"…
In a meeting on Wednesday, the Cabinet approved the framework of the new petroleum contracts, known as Iran Petroleum Contract, due for unveiling in November.
IPC is aimed at accelerating…
Iran's condensate exports in September reached the highest monthly total so far this year, after its top client China resumed buying the ultra-light crude for the first time in six months, two…
India reduced the price of locally produced natural gas by 18% for six months beginning Oct. 1, hurting producers, including Oil & Natural Gas Corp., Oil India Ltd. and Reliance…
The overall level of energy consumption nationwide should be cut by two-thirds by the end of the Fifth Five-Year Economic Development Plan (2016) and reach 50% of the present level by the end of…
Energy Transfer Equity will acquire the Williams Companies for about $37.7 billion, including debt, to create a giant in US oil and gas pipelines, the companies announced Monday.
The stock-…
Russia’s state-run energy giants Rosneft OJSC and Gazprom PJSC are delaying offshore drilling by two to three years because of sanctions and weaker oil prices, according to the country’s…
A summit of OPEC and non-OPEC, as suggested by Venezuela, would be pointless as independent producers are not committed to cutting output, Kuwait’s oil minister said.
“The problem is that…
More than 14 million cubic meters of gas from Phase 19 of the South Pars Gas Field in the Persian Gulf is planned to be injected into the national gas pipeline by winter, according to the phase…
Gas storage volume has been doubled in the northeastern Shourijeh underground gas storage facility in Sarakhs City in Khorasan Razavi Province, the managing director of Hasheminejad (Khangiran)…
The Iranian Offshore Oil Company is working on a $7-billion investment plan to raise extraction from southern oilfields, IOOC managing director said.
Saeed Hafezi added that the plan calls…
Brazil's crude oil exports rose by more than 50% in August compared with a year earlier and gasoline output fell by more than a fifth, the country's petroleum regulator ANP said, as Brasilia…
Major global technology owners and companies will gather at the 2nd International Conference on Oil and Gas Technological Opportunities on September 30 at Iran’s Research Institute of Petroleum…
The construction of a natural gas project linking the country's biggest gas field in the southwest, namely South Pars, to Sistan-Baluchestan Province in the southeast was launched on Monday in a…
Oman is eager to draw on the experience and technology of Iranian dam engineers in its water projects, said Omani Minister of Regional Municipalities and Water Resources Ahmed bin Abdullah bin…
The oil giant is to halt drilling at the Burger J well in the US Arctic, saying it cannot justify the expense due to low oil prices. Shell had won the controversial permission to explore the ice…
India will make a $700 million oil payment to Iran on Wednesday, sources said, the first release of such funds after the July deal on the country's nuclear program that sets the…
Austrian companies are ready to take on Iranian oil and gas projects once sanctions against Tehran are lifted, the deputy head of the Austrian Federal Economic Chamber said. "We are in serious…
Iraq’s Minister of Water Resources Mohsin al-Shammari voiced readiness to foster mutual cooperation with Iran in the fields of water and wastewater infrastructure.
Iran was Turkey's second biggest crude supplier in the second quarter of 2015, supplying nearly one-fourth of the country's oil demand in that period.
Turkey imported an average of 488,000…
French major energy company Engie has expressed willingness to return to Iran's rich energy market while Tehran and Paris are building on energy cooperation, in the latest chapter of the fast-…
Iran exported 1.05 million tons of non-oil goods from South Pars, its biggest gas field in the Persian Gulf, during Aug. 23-Sept. 22, generating more than $670 million in revenues, director…
The excessive withdrawal of renewable water resources in recent years has ravaged Iran's available water resources, according to the managing director of Iran Water Resources Management, Mohammad…
