The whole Europe has a common interest in building the South Stream gas pipeline, Serbian Foreign Minister Ivica Dacic and his Hungarian counterpart Peter Szijjarto said on Friday.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
In line with the government's recent initiative to promote renewable energy, Mashhad, Khorasan-Razavi Province has installed solar panels for household use.
Household electricity…
The oil ministry aims to launch the 10th national gas pipeline by early December. It will have three compressor stations to use the surplus gas in Asaluyeh in Bushehr Province for domestic…
The United States has committed to pause efforts to further reduce Iran’s crude oil sales, the White House said in a statement.
Oil prices rose for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC…
Venezuela is sending its first shipment of crude mixed with Algerian light oil to China. Venezuela recently started importing Saharan Blend from Algerian to dilute its extra heavy crude from the…
Indian refiners on Thursday paid $400 million to Iran ahead of a Nov. 24 deadline of the interim deal with six world powers that allows Tehran to recover part of its overseas frozen oil revenues…
Venezuela is open to cut its production if other members of the OPEC decide to control supply amid a plunge in the prices of the commodity, IBTimes reported.
Swiss-based petrochemical firm Ineos launched plans Thursday to become the biggest player in Britain’s fracking sector with a $1 billion investment in the nation’s shale gas industry.
China made its first official announcement about its strategic petroleum reserve (SPR) on Thursday, saying the first phase of the government emergency stockpile is storing about 91 million…
Water projects worth $52.5 billion are incomplete, and private sector investment is needed for their full execution, a deputy energy minister said.
The government is unable to complete…
I ran will not reduce its global market share under any circumstances, “not even by one barrel,” Oil Minister Bijan Namdar Zanganeh said Thursday, ISNA reported.
“We cannot trample on our…
An additional 4.5 million cubic meters of daily interruptible capacity to ship natural gas from Slovakia into Ukraine via the Vojany-Uzhorod pipeline has sold out, Slovak transmission…
Turkish Energy Minister Taner Yildiz said the amount of natural gas from Russia’s Western Pipeline was flowing at a daily rate of 27 to 28 million cubic meters (mcm), below the contract level of…
State oil giant Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive said on Tuesday.
Current recoverable…
OPEC will agree as a minimum step to remove crude from the market that it is pumping above the agreed target, a Libyan oil official said, to support prices that hit a four-year low.
Joint Fields
Iran is keen to participate in the development of the Caspian Sea gas fields, and is cooperating with Azerbaijan for a decade to develop the Shah Deniz gas field in Azerbaijan…
The parliament has passed a law stipulating that one percent of oil, natural gas, and gas condensate export revenues should be allocated to manage water supply and demand.
A further 73 compressed natural gas (CNG) stations have gone into operation in the first eight months of this year (began March 21), which has brought the number of such operating stations in the…
Italian Industry Minister Federica Guidi said on Wednesday that the South Stream gas pipeline project is no longer a priority. Plans to build the $40b pipeline carrying Russian gas to meet…
Energy companies and EU officials have gathered to discuss energy security thousands of miles away from Europe, at an oil and gas conference in Turkmenistan, BBC reported. The Central Asian nation…
The 100,000 barrels of oil due to be supplied at the energy bourse in October will be made available next week if a final agreement on price and payment is reached, deputy oil minister said…
Russian energy giants Gazprom and Rosneft may get new licenses for developing hydrocarbon deposits on the Arctic shelf in the coming months, Russia's Natural Resources Minister Sergey Donskoy said…
Iran and Turkmenistan are close to signing a $5 billion agreement, an advisor to the oil minister said.
“Iran imports in the region of $3 billion worth of gas from this neighboring country…
Construction of the offshore infrastructure at the Caspian Sea coast has made over 70 percent progress. It is designed to transfer and swap oil, the building engineering manager of Iranian…
