Persistent security concerns over Libya’s oil export capacity and political divisions in the country fetch large tanker freight premiums for ship-owners daring to call at Libyan ports for crude…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom’s Energy Minister Khalid Al Falih said in a company report on Friday…
South Korea is seeking a sanctions waiver from the US to continue importing Iranian condensate, saying that it is hard to find alternative sources due to limited suppliers, a government official…
Although Indian investors have signaled their interest in petrochemical projects, they stress that gas feedstock prices offered by Iran is too expensive to let them clinch a final deal, National…
China’s Sinopec plans to ramp up natural gas supplies by 1.8 billion cubic meters this winter to meet rising demand, the company told Reuters on Friday. Gas supplies for the winter of 2018 will…
As temperatures soared to record highs across Japan this summer and people scrambled to beat the heat, power companies turned to solar power to weather the surge in air conditioner usage.
Stiff new US sanctions against Russia would only have limited impact on its oil industry because it has drastically reduced its reliance on western funding and foreign partnerships, and is…
German company ADL and Iran’s Sepahan Oil Company have signed an agreement to cooperate in transferring technology related to oil and gas lubricants.
'European embassies have made a…
A memorandum of understanding was signed by Maku Free Zone, China Water Company and Azarab Oil and Gas Company to build two dams in West Azarbaijan Province.
Gholamreza Soleimani, CEO of…
Compressed natural gas will be supplied to the cities of Zabol and Khash, both in the southeastern Sistan-Baluchestan Province, in the second half of the current Iranian year (ending March 20,…
The gas-powered unit of Caspian Combined-Cycle Power Plant in northern Mazandaran Province was synchronized with the national grid Wednesday in a ceremony attended by Energy Minister Reza…
The National Petrochemical Company is not concerned about exports despite the US unilateral sanctions because a large part of the firm's commodities are sold to European Union countries that…
South Korea’s imports of Iranian crude rose around 15% in July from a month earlier.
South Korea shipped in 788,651 ton of crude oil from Iran last month, or 186,478 barrels per day,…
As the US and Iran continue to trade barbs over the reimposition of economic sanctions against the Islamic Republic, China is also entering the verbal fray.
On Monday, Andrey Yu, the…
Iran's Oil Minister Bijan Namdar Zanganeh will attend a meeting of OPEC and non-OPEC committee that monitors output compliance, known as JMMC, in Algeria in September.
Zanganeh’s goal in…
India, the second biggest crude customer of Iran, may cut its imports from the Islamic Republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter…
British renewable energy investor Quercus said it will halt the construction of a €500 million ($570 million) solar power plant in Iran following the recent reimposition of US sanctions on…
Gasoline prices in Venezuela will soon catch up with world market ones, as the government seeks ways to tackle rampant fuel smuggling that, according to president Nicolas Maduro, is costing the…
Indonesia’s PT Pertamina will get an extra 225,000 barrels per day of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm to…
Iran's oil sector can retain its old customers in spite of US sanctions that will take effect on Nov. 4, a senior energy analyst said.
“Some countries in Europe are traditional consumers…
The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and…
A research report by Swiss investment bank UBS believes the cost of energy renewables could be so near to zero by 2030 “it will effectively be free”, according to projections published on Monday…
Total is awaiting a decision by China National Petroleum Corp. on whether it will take over its stake in the development of Iran's giant South Pars Gas Field, the company said on Monday.
India has launched the second round of bidding for small fields estimated to contain as much as US$14 billion (1 trillion Indian rupees) worth of oil and gas reserves.
The Indian…
Oil prices rose on Tuesday after Saudi Arabia said it had cut production in July, although concerns over a slowdown in global economic growth kept a lid on markets. Benchmark Brent crude oil was…
