Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
July 21, 2023 17:55
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November 30,2018Imports of Iranian crude oil by major buyers in Asia hit a five-year low in October, as China, Japan and South Korea sharply cut purchases ahead of US sanctions on Tehran that took effect in early... -
November 30,2018Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers.
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November 30,2018Two platforms of phases 22-24 in the South Pars Gas Field off the Persian Gulf will come on stream next January, operator of the two phases said. Farhad Izadjou said the two phases have made 92%...
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November 30,2018In the wake of a sharp spike in ethane production, polyethylene output in Kavian Petrochemical Complex in the Pars Special Economic Energy Zone in Asalouyeh, Bushehr Province, has witnessed a 40%...
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November 30,2018The National Iranian Drilling Company has drilled 98 onshore and offshore wells since March, the company’s deputy managing director for drilling operations said. "With the help of 70 offshore and...
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November 28,2018Iraq has finalized its 2019 crude oil term contracts, with 67% of its exports poised to go to Asia, an oil ministry spokesman said Tuesday.
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November 28,2018Close to 130 billion cubic meters of natural gas was consumed during the eight-month period to November 21. According to Saeed Momeni, the deputy manager at the National Iranian Gas Company,...
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November 28,2018The annual cost of maintenance and expansion of Tehran's power network is $22 million, the managing director of Tehran Province Electricity Distribution Company said Tuesday. Hossein Sabouri said...
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November 27,2018South Korea's gasoline demand dropped 16% year on year in October, the sharpest decline in 20 years since October 1998 when the country was hit by the Asian financial crisis.
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November 27,2018Oil prices fell on Tuesday, depressed by record Saudi production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
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November 27,2018Japanese buyers are unlikely to load Iranian oil after April 1 without an extension of the country’s current waiver because of the difficulty in making payments before sanctions are reimposed in...
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November 27,2018The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company is able and willing to undertake drilling operations and subsidiary services overseas, says the managing director...
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November 26,2018Competent companies can and must play their role in developing oil and gas projects, the head of the Society of Iranian Petroleum Industries Equipment Manufacturers said. "Now that foreign ...
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November 26,2018China National Petroleum Corporation has replaced France's Total in the South Pars gas project, Oil Minister Bijan Namdar Zanganeh said.
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November 25,2018Turkey’s foreign minister objected to the Trump administration’s demand that it slash imports of Iranian petroleum products in six months, arguing that the time frame is too tight given his country...
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November 25,2018Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 84 million cubic meters per day by March, the managing director of Pars Oil and Gas Company said. "The...
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November 26,2018Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC cutting oil production by at least 1 million...
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November 25,2018A 42 megawatt gas power plant in Zahedan, capital of Sistan and Baluchestan Province, started operations on Thursday in the presence of the Energy Minister Reza Ardakanian. Costing over $30...
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November 25,2018OPEC is showing no public signs of panicking to the largest weekly plunge in oil prices since 2016, with five senior sources telling S&P Global Platts that the organization has not discussed...
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November 21,2018Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6% plunge, lifted by a report of an unexpected decline in US commercial crude inventories and record Indian...
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November 21,2018China National Petroleum Corporation is deferring its decision on the development of Iran's giant South Pars Gas Field Phase 11in the Persian Gulf as it has not started any operations yet, the...
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November 21,2018After completion of the first phase of the plan to collect associated petroleum gases in the Forouzan Oilfield in the Persian Gulf by the end of the current fiscal (March 209), an estimated 15...
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November 21,2018The nationwide project to overhaul thermal power plants and improve power output is on track and has registered a work-in-progress rate of 37% since August. "Government funding to complete the...
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November 20,2018Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.
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November 20,2018Development of the West Karoun oilfields and the South Pars gas field are high on the agenda of the National Iranian Oil Company to help counter the new US sanctions, the newly appointed managing...
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