Energy

More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the…

Energy Minister Reza Ardakanian said Tuesday construction work has begun on a combined-cycle power plant that will produce 540 megawatts in Syria’s western port city of Latakia. 

A mobile desalination unit will be launched in Abadan, Khuzestan Province, to help address the pressing water problems in the southwestern oil city, said the director of Abadan Water and…

A solar power plant with a capacity of 100 kilowatts has been launched in Tabriz, the center of East Azarbaijan Province, managing director of Azarbaijan Regional Electric Company said Monday.…

An estimated 400 million liters of oil and other products are transported daily via pipelines, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and…

A private company has invested to develop Abarkouh gas-to-liquids (GTL) plant in Yazd Province, the governor said. "Saman Faraz Gheshm Co., one of the main suppliers of oil and gas equipment in…

Gas reserves in the Middle East can create opportunities for employment, business and peacemaking, according to Egypt's petroleum minister. Amid a push by Egypt to transform itself into a…

South Korea’s presidential office said Monday that Qatar’s energy minister outlined plans during a bilateral summit in Doha to order 60 new liquefied natural gas carriers. Saad Sherida Al-Kaabi…

Construction of a large oil refinery and petrochemical plant has begun in Jask county, Hormozgan Province, off the Sea of Oman, manager of the National Petrochemical Company’s Projects Dept said…

Close to 3 billion kilowatt hours of electricity has been generated from renewable sources since mid-2009. According to state-owned Renewable Energy and Energy Efficiency Organization, aka…

National Iranian Drilling Company is working on seven wells in Gachsaran Oilfield in Kohgiluyeh and Boyer-Ahmad Province and five wells in Naftshahr Oilfield in Kermanshah Province. Drilling 16…

An engineering consulting company in Iran won an international tender to help construct a dam and a hydroelectric power plant in Tanzania.

According to Paven, the Energy Ministry news…

So far this winter, Europe has been the biggest buyer of US liquefied natural gas, and despite the fact that the key reason has been profit rather than politics, US LNG has increased its share…

Construction of Lordegan Petrochemical Company in the western province of Chaharmahal and Bakhtiari Province has registered 94% progress and is expected to come on stream by next fall, the…

The head of a US shale oil company on Thursday sang the praises of OPEC for its price-bolstering production cuts of the last two years, a message the organization's secretary general Mohammed…

Phase 13 of the giant South Pars Gas Field in the Persian Gulf started injecting ethane to onshore refineries in Pars Special Economic Energy Zone, operator of the phase said. Payam Motamed…

South Korea imported no Iranian crude for the fourth straight month in December due to the re-imposition of US sanctions on Tehran, while intakes from the US and Kazakhstan rose sharply as…

Russia’s government approved on Thursday a ten-year modernization program for Russian power plants, expected to attract $28.8 billion in private investments in the sector, Energy Minister…

Iranian companies active in the water and power sector signed memorandums of understanding with the Russian Power Machines Company at the weekend in Tehran. Energy Minister Reza Ardakanian…

OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters. Worried by…

The mind boggles when officials take turns in proudly announcing that plans are underway to complete 120 dams across the country, of which 43 "must" be ready by 2022. Of the 172 dams in Iran…

Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped…

Crude oil and petroleum products’ swap deals have expired and are not extended yet, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said.

Thirty-one power plants are under construction in 27 provinces and will add 19,000 megawatts to the national capacity, the Energy Ministry said.

National Iranian South Oil Company and Iran Central Oil Fields Company, both subsidiaries of the National Iranian Oil Company, signed contracts with domestic oil and gas companies on Tuesday to…