Crude oil production from members of OPEC is expected to fall to below 30.73 million barrel per day by the end of this year, the group's lowest monthly output since February 2015, the US Energy…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Pars Oil and Gas Company has been commissioned to develop the second and third phases of Kish Gas Field, the second largest in the Persian Gulf after South Pars, the managing director of the…
To help ensure stable supply of potable water in Bushehr Province, one the country’s most water-stressed regions, desalination plants have been set up along the coastal areas off the Persian…
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use…
Natural gas prices spiked on Monday as the market gained confidence that the severe cold gripping the United States will persist longer than previously thought, driving up heating demand and…
Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month,…
OPEC plans to publish this week quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told…
Energy Minister Reza Ardakanian on Monday inaugurated a water supply project in the town of Maraveh Tappeh in northern Golestan Province. According to the Energy Ministry news website, the $1.5…
Compressed natural gas stations have the capacity to supply 40 million cubic meters of CNG, but at present are operating at half capacity as lesser number of motorists are buying the eco-…
An estimated €2 billion in foreign investment has been made in Abadan Oil Refinery in the southern Khuzestan Province in the past two years, CEO of the National Iranian Oil Refining and…
A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday. The cargo marks the first Iranian…
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand…
Two petrochemical companies in southern Bushehr Province, Kaveh Methanol Complex and the first phase of Bushehr Petrochemical Complex, will be inaugurated by the end of the current fiscal in…
Selling crude to potential customers is a challenging enterprise when a country is under sanctions, but Iran has found shadow markets that can help it continue to sell oil.
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity…
The steam unit of Kashan combined-cycle power plant in Isfahan Province came on stream Sunday. With a capacity to produce 160 megawatts, the steam unit was built in three years and the plant is…
Notwithstanding mounting US pressure to disrupt Iran’s oil export, Tehran will continue selling natural gas and liquefied petroleum gas to foreign markets, the newly elected head of National…
The world's need for water will be 20% over and above current consumption levels by 2050, said the Energy Minister. Speaking in Tehran at the weekend, Reza Ardakanian said, “Given the…
The sixth solar power plant in Hamedan Province has been synchronized with the national power grid.
Petrochemical export revenue in the first nine months of the current fiscal ending in March reached $9 billion, the National Petrochemical Company said on Saturday. The revenue is…
Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of…
The government intends to transfer 80% shares of state-owned power plants to the private sector by 2022, the director general of the planning office of Iran Power Generation, Distribution and…
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to cut output to prevent a build-up in supplies. Saudi Energy Minister…
Deputy Energy Minister Homayoun Haeri on Thursday broke ground for a 50 megawatt wind farm in Mil-e- Nader zone in Zabol in Sistan-Baluchestan Province. The farm will have 20 wind turbines and…
Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets. Thamir Ghadhban, Iraq’s oil minister, made the statement in…
