To cope with the fast-growing demand for power supply in the country, Indonesia is considering building nuclear power plants with an initial capacity of 5,000 MW by 2025 despite massive opposition…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices are likely to continue falling well into 2015, the International Energy Agency said.
The IEA, a consultancy to 29 countries, said weak demand and the US shale gas boom meant…
GAIL (India) Ltd. reported the establishment of a company that will build, own, and operate the 1,800-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.
Oil Minister Bijan Namdar Zanganeh said the decline in oil price has impacted Iran, but there are some tools to minimize the damage, Trend reported.
Zanganeh said that a significant drop in…
The economic commission of parliament approved a development plan for the completion of the remaining South Pars phases in the Persian Gulf, and investors will be called in the near future…
China is to open a credit line for energy projects in Iran, a deputy energy minister said Saturday.
The government is to amend and extend its previous terms for a line of credit (LOC) by…
Gasoline imports have reduced by 50 percent due to average consumption falling to less than 70 million liters per day in the present Iranian calendar year (started March 2014), deputy of the…
Electricity is being exported at 8-11 cents per kilowatt-hour (kWh) on average, Esmael Mahsouli, deputy energy minister said, ILNA reported on Saturday.
"The price of electricity for export…
Banks in Japan and South Korea, the world’s biggest importers of liquefied natural gas, are set to lend $1.5 billion to Mitsubishi Corp’s Donggi-Senoro LNG project on the…
Venezuela’s foreign minister Rafael Ramirez, whose country supports an OPEC output reduction, held a meeting with oil minister Bijan Namdar Zanganeh to discuss oil prices, on Saturday in Tehran,…
Saudi Arabia’s oil minister dismissed talk of a price war as having “no basis in reality” in his first public comments since crude plunged into a bear market last month.
Iran will have to offer attractive terms to draw investment by international oil companies because the firms have become more risk-averse and focused on profitability, a senior executive of French…
The government of Iraq and the semi-autonomous region of Kurdistan have reached a deal to ease tensions over Kurdish oil exports and civil service payments from Baghdad, Iraq's …
Indian Oil Corp (IOC), the country's biggest refiner, is exploring options including a merger to save loss-making unit Chennai Petroleum Corp (CPCL). However, CPCL's attempts to raise funds have…
Storage capacity in the Bahregan oil field in the Persian Gulf reached 5.8 million barrels with the installation of a new storage unit capable of holding up to one million barrels, Saeed Hafezi,…
A 162 megawatt (MW) power plant developed by Iranian experts was inaugurated in Iraq, near the southern city of Najaf, Tasnim news agency reported.
The Iranian and Iraqi energy ministers on…
Iran an Indonesia signed a memorandum of understanding (MoU) to establish a joint venture for the export of petrochemicals and petroleum products, Mehdi Sharifi-Nik, managing director of the…
Egypt plans to repay all of its $4.9 billion debt to foreign oil and gas companies within six months, the oil ministry said. The ministry said in a statement that Egypt planned to borrow $2…
Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks. Brent has…
Royal Dutch Shell, one of the world's largest oil companies, is most interested in new oil and gas projects in the deep waters of the Gulf of Mexico following a major sector opening finalized…
Iraq has raised its official selling price (OSP) to Asia in December for its main crude oil export grade, Basrah light, but cut the OSP to the US, the state oil marketing company said.
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Oil Minister Bijan Namdar Zangeneh, on a regional tour aimed at winning support to stabilize oil markets, discussed weak crude prices with Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah.
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Iran Petrochemical Commercial Company (IPCC) exported 2.5 million tons of petrochemical products, valued at $2.2 billion, since the beginning of this year (began March 21), managing director of…
The Economic Council of the government has approved $11 billion help to complete the 6th, 9th and 11th national gas pipelines according to the integrated development plan for remaining phases of…
The Azerbaijan and Caspian Oil & Gas Week, taking place November 19-21 in Baku, consists of a three day conference, exhibition, training & networking event. It is attended by IOCs, NOCs…
