The National Iranian Oil Company has handed over a project to the National Iranian Drilling Company for drilling eight exploration wells in unnamed onshore fields, an official at NIDC said.
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Tehran will not file a case with the International Court of Arbitration over Pakistan's procrastination to complete its share of Iran-Pakistan Gas Pipeline Project—aka Peace Pipeline—on its…
The National Iranian Oil Company is set to assign the private sector with some 40 projects on curbing the flaring of associated petroleum gases from southern oilfields to be used in…
To compensate for the widespread drought in Iran, 30 billion cubic meters of seawater should be desalinated and transferred to areas struggling with water shortage, a member of the parliament…
The operation to supply feedstock in the form of compressed natural gas to Chabahar Power Plant in Sistan-Baluchestan Province has resumed, the deputy for gas distribution at the National…
Saudi Arabia, the United States and Russia can between them raise global output in the next 18 months to compensate for falling oil supplies from Iran and elsewhere, US Energy Secretary Rick…
US shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources…
Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage”, as US President Donald Trump seeks to impose fresh sanctions on Iranian oil sales.…
Oil prices pulled back on Friday on concerns that additional US tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might…
A Japanese buyer has loaded Iranian oil on a tanker expected to arrive in Japan in early October, in what could be the last purchase of Iranian oil before the US sanctions snap back in early…
Banking problems to open a letter of credit for the construction of a 1,400-megawatt thermal power plant in southern Hormozgan Province have been resolved, the managing director of Iran’s…
The European Union is becoming increasingly dependent on Russian natural gas supply, the assistant secretary for fossil energy at the US Department of Energy said.
Steven Winberg was…
The International Energy Agency warned that oil prices could break out above $80 per barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. Iranian crude…
Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year, as New Delhi works to win waivers on the oil export sanctions…
Iran just endured the longest gap in at least three years without sending oil to its biggest customer, as imminent US sanctions pile pressure on Tehran.
Two supertankers left Iran’s…
The United States could impose sanctions on a new Russia-Germany gas pipeline, US Energy Secretary Rick Perry said on Thursday during a visit to Moscow. Asked whether sanctions on the undersea…
An estimated 5,000 megawatts in new electricity production capacity will be added to the national grid by the next summer, the head of Iran’s Thermal Power Plants Holding Company said.
Iran exported 4.16 million tons of gas condensates worth $2.16 billion during the first five months of the current fiscal through Aug. 21, indicating a 40% and 23% decline in terms of volume and…
To complete the value chain in the petrochemical sector, the National Petrochemical Company has issued directives for raising ethylene production in petrochemical complexes in the port city of…
Global oil markets remain fragile due to geopolitics and production declines in several regions, Russia’s energy minister said on Wednesday, but added that his country could raise output if…
Some 300 electricity contracts signed between the Energy Ministry and private sector have been suspended as a result of the record rise in the foreign exchange rate, the head of Iran Electricity…
Iran is starting to store oil on its fleet of supertankers again, as impending US sanctions force the Persian Gulf country to revive a strategy it deployed under previous curbs.
The…
Should the government seek to revive the petrochemical industry and boost its position in the global arena, it needs to consider reintegrating the key sector, an energy expert said.
The National Iranian South Oil Company, a subsidiary of National Iranian Oil Company, has made 120 industrial and civil construction projects operational in the past 12 months, an official at…
Reviving the gasoline rationing system can help combat the menace of fuel smuggling, a member of Iran's Oil Product Exporters' Association said.
"The country's gasoline consumption…
