Solar energy could be the top source of electricity by 2050, aided by plummeting costs of the equipment to generate it, a report from the International Energy Agency (IEA) said on Monday.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Egypt plans to invest $14.5 billion in developing its refining and petrochemical sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has…
South Korean refiners faced with weak margins want to cut costs by diversifying away from their traditional crude suppliers in the Middle East, and US condensate could be an attractive option now…
Oil Minister Bijan Namdar Zanganeh on Monday voiced renewed support for the private sector and the petrochemical industry, ISNA reported.
The National Petrochemical Company (NPC) has urged the government to allocate $5-10 billion from the National Development Fund of Iran (NDFI) to be disbursed on petrochemical projects which are at…
A Japanese company has expressed readiness for investment in Iran's power and water projects, Alireza Daeimi a deputy manager of the energy ministry announced, Moj news agency reported. "The…
Currently 5 percent of Iran's gas is exported," said Hamidreza Araghi, managing director of National Iranian Gas Company (NIGC), adding that Europeans, Indians, Pakistanis, and some other…
Rosatom, the atomic energy corporation in Russia, has signed a project development agreement with Jordan Atomic Energy Commission to build a 2,000-MW nuclear power plant in the Zarqa province of…
The construction permits of overdue petrochemical contracts will be nullified if contractors further delay their projects, warned the National Petrochemical Company (NPC), Mehr news agency…
Gas extraction from the South Pars field in the March-September period saw a 14 percent increase compared to the same period last year, and its value exceeded $1.2 billion, said the director of…
Deputy Energy Minister Houshang Falahatian said the country has extended its contract for supplying power to Iraq until the end of the year. Fars news agency quoted Falahatian as saying that the…
A (Persian) Gulf Cooperation Council (PGCC) electricity grid created to share capacity in emergencies is set for expansion by 2019 with an estimated investment of up to $420 million due to rising…
India's new prime minister is turning to nuclear energy to ease a power crisis made worse by the cancellation of hundreds of coal mining permits, but he faces skepticism both at home and abroad,…
Swiss-based chemicals group Ineos has acquired a stake in a shale oil and gas licence in Scotland and plans to pay a share of revenues from any production to landowners and communities, Britain's…
Construction of Iran's biggest photovoltaic power station will soon commence in Kerman, the managing director of Iran Power Generation Transmission & Distribution Management Company (Tavanir)…
The demand for Iran's liquefied petroleum gas (LPG) exceeds supply, said the managing director of Bandar Imam Petrochemical Co. (BIPC), Tasnim news agency reported.
Kuwait Petroleum Corp (KPC) has sealed a December 2014 to November 2015 full-range naphtha deal with at least one Asian buyer at $15 a tonne above Middle East quotes on a free-on-board (FOB) basis…
The President of state-run oil holding Petroleos de Venezuela (Pdvsa), Eulogio Del Pino, remarked that "crude oil output is expected to increase by 60,000-70,000 barrels per day." a pilot project…
Russia’s state-run oil company said a well drilled in the Arctic Ocean with Exxon Mobil Corp. struck oil, showing the region has the potential to become one of the world’s most…
Turkey failed to receive the minimum amount of natural gas it had pledged to buy as per the gas trade agreement with Azerbaijan, signed in 2013, as the state-owned Turkish Pipeline Corporation (…
Pakistan's Foreign Office said that Pakistan and Iran are looking at "new ways" to pursue the multi-billion dollar Iran-Pakistan gas pipeline project for importing 750 million cubic feet per day…
Persian Gulf Petrochemical Industry Co. (PGPIC) will take over from National Petrochemical Company (NPC) the administration of petrochemical development plans, said the stocks and investment…
Russia and Ukraine moved closer to a preliminary natural gas agreement -- valid for this winter only -- as the European Union brokers a truce in a dispute that was set to disrupt flows during the…
Russia and Ukraine are holding talks to solve their long-running gas dispute as pressure mounts for a solution to head off a winter supply crisis in Ukraine and beyond.
Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea…
