Several power plants will enter the energy bourse in the next Iranian calendar year (starting March 2015) for trading electricity, director of the energy bourse operations said, IRIB News reported…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
There was a 4.5 percent fall in fuel consumption in the first half of the Iranian calendar year (March-September), compared to the same period last year, deputy of anti-contraband and currency…
The National Iranian Oil Company (NIOC) aims, for the first time, to inject carbon dioxide into oil reservoirs to increase extraction, research and technology director of NIOC said, Shana reported…
A new generation of power stations is being constructed on the Caspian coast, where the accumulation of garbage is high, in order to produce electrical energy from waste, Mehr news agency reported…
The European Union and the International Monetary Fund (IMF) will “finance the most part” of expenses connected with implementation of the three-party gas deal involving Russia, Ukraine and the EU…
For signs of how the US shale boom is transforming the global flow of oil, look halfway across the world at South Korea.
The Asian nation, which relies on the Middle East for about 86…
Members of the Organization of Petroleum Exporting Countries (OPEC), a group that supplies 40 percent of the world’s oil, are engaged in an internal price war as they seek to preserve their share…
Qatar International Petroleum Marketing Co. (Tasweeq) plans to renew its contract to supply condensate to UAE for 2015, the company's chief executive Saad al-Kuwari said Monday, TradeArabia…
Russia's gas production decreased by 5.3 percent in the past 10 months, falling to 516.6 billion cubic meters (bcm), central control department of Russia’s fuel and energy sector said, Itar Tass…
The South Pars Gas Complex (SPGC) has earned $990 million by reducing the period of major repairs in its South Pars phases in the Persian Gulf, managing director of the SPGC said, IRNA reported.…
Plans are underway to help improve electricity conservation and efficiency by 10-15 percent and curb power wastage via an urgent plan to stop direct hooking and power theft, a deputy energy…
West Texas Intermediate (WTI) on Monday dropped to the lowest level in more than two years after Saudi Arabia reduced the cost of its oil to US customers in the face of soaring North American…
The UN warned in a comprehensive report that it is vital for the world to phase out fossil fuels by 2100.
The report, published by the UN’s Intergovernmental Panel on Climate Change (IPCC…
BP Egypt has announced today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the…
With the onset of the cold season, gas consumption is estimated to reach an average of 350 million cubic meters per day today should the cold weather persist, director of the dispatching center at…
Iran is to double its natural gas production by 2017 to one billion cubic meters per day, managing director of the National Iranian Gas Company (NIGC) said, ISNA reported.
Mohammad Reza…
Poland's largest gas distributor PGNiG has launched talks with its biggest supplier, Russia's Gazprom, on cutting gas delivery prices, PGNiG said on Wednesday, Reuters reported. Gazprom's prices…
Iraq's oil exports fell in October to an average 2.461 million barrels per day (mbpd) from 2.54 mbpd in the previous month, the oil ministry spokesman said, TradeArabia reported. Iraq sold its…
Decline in oil prices is temporary and prices will be regulated in the long-term, director of the strategic planning at the oil ministry said, ISNA reported.
“Fluctuations in crude prices…
Iran's oil storage capacity will increase by 4 million barrels in the near future, director of the customs department at Iranian Oil Terminals Company (IOTC) said, IRNA reported.
"Four…
National Iranian Gas Company (NIGC) seeks to reduce pollution and boost production by increasing gas supply to power plants and industries in winter, NIGC speaker said, ILNA reported.
Arab states in the Persian Gulf, which pump a fifth of the world’s crude oil, spend more than $160 billion on energy subsidies annually, a top World Bank official said, Arab News reported.
Germany’s phaseout of nuclear energy has triggered over 20 lawsuits by big power companies that have demanded billions of euro in damages, said a government paper released Tuesday, AFP reported.…
Brent crude dropped towards $82 a barrel on Wednesday, stretching losses into a fifth session, as weak economic data from top energy consumer China stoked worries about demand in a market that is…
Persian Gulf Petrochemical Industry Co. (PGPIC) is the second largest petrochemical company in the Middle East, managing director of the PGPIC said, IRNA reported.
Adel Salimnejad said, "…
