Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • OPEC Head to Meet US Shale Producers in Houston
    The head of OPEC plans to meet with US shale company executives on Monday in Houston, the second consecutive year that the secretary-general has met with some of the organization’s top rivals.  
  • Iraq to Resume Crude Exports to Turkey
    Iraq has agreed a deal with the semi-autonomous Kurdistan Regional Government to resume crude oil...
  • Eastern Power Stations to Receive Gas as Feedstock
    Supplying natural gas as feedstock to two power plants in Konarak, Sistan-Baluchestan Province, and Sarakhs, Khorasan Razavi Province, requires the Energy Ministry’s cooperation in converting...
  • 8 Crude Desalting Units Go on Stream
    Eight new oil desalting projects in the southern oil regions went on stream, managing director of the National Iranian South Oil Company said. "The initiative were aimed at a variety of goals,...
  • Shell: LNG Market Needs $200b Investment 
    Anglo-Dutch major Royal Dutch Shell projects that the global liquefied natural gas markets may...
  • South Pars Condensate Term Allocations Steady
    Term buyers of Iran's South Pars condensates have not received any cuts to their 2018 allocations despite the start of Phase 2 of Iran's Persian Gulf Star Refinery two weeks ago, term buyers and...
  • Kharg Oil Terminal in Persian Gulf is responsible for over 90% of Iranian oil exports.
    Transforming the port of Jask in the southern Hormozgan Province into a major oil terminal is a strategic step to expand Iran's oil export capacity, the chief executive officer of Iran's Petroleum...
  • Total Eying  Oil Refinery  in Iraq
    French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya Oil Refinery in Iraq, according to two sources familiar with the matter. Last year, the...
  • US crude oil output rose above 10 million barrels per day late last year.
    The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency said on Tuesday, as the country’s shale oil boom continues to upend...
  • NIDC is in charge of offshore and onshore drilling activities.
    The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is making every effort to secure its footprints in the oil- and gas-rich Iraq to expand its activities there....
  • Brent, WTI Prices Steady After 3-Week Highs
    Oil steadied around its highest prices in three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global...
  • Trucking Oil From Kirkuk Delayed
    A plan to truck oil from Iraq's northern Kirkuk fields to Iran cannot be fully implemented at this stage due to security concerns, the head of Iran-Iraq Chamber of Commerce said on Monday.  
  • SP Flare Tripods Ready for Installation
    Two tripods for the flare stacks of the South Pars phases 23 and 24 are ready to be installed in the Persian Gulf, the director of phases 22-24 said. Farhad Izadjou added that the equipment will...
  • Normalization of Int'l Ties Key to Attracting FDI
    Iran's oil and gas industry cannot experience a turning point in attracting foreign direct investment unless it reduces investment risk by normalizing its relations with the world. Mehdi Asali,...
  • India Revises Costs in Developing Farzad-B Gas Field
    ONGC Videsh Ltd has opted to invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an unnamed official said.  
  • Mahshahr Petrochem Development on Track
    Investment to launch development ventures in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province has exceeded $17.8 billion, creating jobs for close to 3,000 people, managing...
  • Trilateral MoU to  Build Solar Plant
    Post Bank of Iran has signed a trilateral memorandum of understanding with domestic companies on development of power plants. The agreement was signed with Solar Power Plant Project Management...
  • Russia’s energy giant Gazprom and five financial investors are already financing the project.
    The Nord Stream 2 project will begin the process of attracting additional financing in the next couple of months, Chief Financial Officer Paul Corcoran told Sputnik on Thursday. "We are starting...
  • US Shale Investors Await Oil Payoff
    US oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday....
  • SP Phase 14 Platform Sets record
    The first flare stack of South Pars Gas Field's Phase 14 in the Persian Gulf lit up on Saturday, the director of the phase said. "Platform SPD-A14, one of the phase's main platforms, is now...
  • Almost 1,118 km of pipelines have so far been laid in Sistan-Baluchestan Province.
    In lines with efforts to provide the country's far-flung and underprivileged regions with natural gas, plans have been devised to lay 1,400 kilometers of pipeline in Sistan-Baluchestan Province in...
  • Libya Oilfield Halt Raises Crude Prices
    Libya’s oil exports from the Mellitah terminal will be modified after protests disrupted production at the key El-Feel deposit for the first time in two months, putting the OPEC nation’s crude...
  • Maduro Promises to Recover Oil Decline
    Venezuelan President Nicolas Maduro promised on Saturday to recover 70% of the country’s lost oil production in the first half of 2018. “I can tell you, the unprecedented injustices led to an...
  • Tehran Peak Power Demand Increases by  1,000 mw
    Peak electricity consumption in the capital Tehran has increased by over 1,000 megawatts in the past two years, the managing director of Tehran Regional Electricity Company said. “Peak demand for...
  • Plans are in place to cooperate with neighboring states, namely Turkey and Turkmenistan, that have more water resources so that Iran can increase its share from joint water basins.
    Serious negotiations are underway with water-rich neighboring countries to pump more water from shared basins, the energy minister said. "Plans are in place to cooperate with neighboring states,...

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