Increase in the volume of gas supplies, instead of liquid fuels, to power plants has garnered $10 billion in savings, said managing director of the National Iranian Gas Company (NIGC), Shana news…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Tehran and the P5+1 have only until the end of June to hammer out a long-awaited final nuclear deal. But even if the parties do make a deal, a number of factors are likely to prevent Iran from…
When all phases of the giant South Pars gas field go into full operation, it will generate $110 billion in annual revenues, assuming oil prices at $50 per barrel, said the managing director of…
Domestic production reduces final cost of oil and gas exploration, development, and production, Reza Padidar, managing director of the Society of Iranian Petroleum Industries Equipment…
Italian contractor Maire Tecnimont has held a new round of talks with the National Petrochemical Company over construction of a mega petrochemical complex in Assalouyeh, Bushehr Province, Mehr…
The UK Department of Energy and Climate Change has decided not to approve the sale of 12 British North Sea oil and gas fields from the German utility RWE Dea to the…
Kiev will continue making prepayments for the delivery of the Russian gas if the supply is not interrupted, Ukraine’s Naftogaz chief Andriy Kobolev said Saturday.
The National Iranian Oil Products Distribution Company has started distributing Euro IV diesel in Shiraz, which is the sixth big Iranian city to receive the fuel, Shana news agency reported.…
The online registration for attending Iran’s 20th international oil, gas, refining and petrochemical exhibition ended on Saturday, the organizer of the event said, ILNA reported. According to the…
Oil industry requires $30 billion investment per annum for maintenance, production stability, and development projects, deputy oil minister Mansour Moazzami said Saturday.
Investment has…
Managing director of the National Iranian Gas Company (NIGC) detailed $17 billion investment opportunities for domestic and foreign investors, Mehr news agency reported.
Iran has put forward an official proposal to import 500 megawatts (MW) of electricity from Azerbaijan in summer to compensate possible electricity shortages, a deputy energy minister said Saturday…
Oil Minister Bijan Namdar Zanganeh has called for an investigation into oil explorations in West Karoun region in Khuzestan Province, where it is said drilling and other oil industry operations…
To meet its domestic demand, the Iraqi Kurdistan government is negotiating to buy Iranian gas and have Kurdish oil refined across the border, an official from the Kurdistan Regional Government (…
Russia may sign an intergovernmental agreement on the Turkish Stream gas pipeline in the 2nd quarter of 2015, Russian Energy Minister Alexander Novak said an interview with the Rossiya24 news…
A special working committee, comprising members of the National Petrochemical Company (NPC)'s general assembly, is to decide whether West Ethylene Pipeline should be transferred to private firms,…
Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and healthy growth in China’s implied oil demand this year…
Ukraine has sent $15 million to pay for Russian gas, Russian Energy Minister Alexander Novak said Friday, just days after Moscow had threatened to cut off supplies to its neighbor due to non-…
Developed countries have long been convinced that heavy reliance on fossil fuels is not in their interest and therefore, have increasingly deployed renewable energies in general, and solar energy…
In November 2014, the ministry of industry, mine and trade provided the cabinet with a proposal whereby manufacturing units violating energy efficiency standards will have to pay 10 to 100 percent…
Asian imports of Iranian crude fell nearly 22 percent from a year ago to below 1 million barrels per day (bpd) in January, led by cuts in India, where refiners had been asked to curtail orders…
Iran and Pakistan have agreed on a two-year extension for completion of Iran-Pakistan (IP) gas pipeline project, a Pakistani news agency reported.
Turkey has concluded a final deal with Russia's Gazprom that will cut the price of gas Ankara buys from Russia by 10.25 percent, Energy Minister Taner Yildiz said on Friday. The deal will not lead…
OPEC's oil supply has fallen this month as bad weather delayed exports from Iraq's southern ports, slowing an expansion of supplies in the group's second-largest producer. Actual OPEC supply has…
The technology for production of gas sweetening solvents, so far exclusively possessed by a few major international companies, has been indigenized in Iran, Hamidreza Katouzian, head of the…
