Hengli Petrochemical, a unit of private Chinese chemical giant Hengli Group, has obtained state approval to import 400,000 bpd of crude oil—the largest quota ever handed to a private Chinese…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil major Shell has snapped up over 8 million barrels of June-loading crude oil grades from the Middle East and Russia, and resold some of the cargoes in Asia, taking advantage of the strong…
Oman is planning to invite bids for the construction of a subsea natural gas pipeline between Sohar and its neighbor Iran next month, said a report citing the sultanate’s oil minister.
Iran's gasoline production will reach 105 million liters per day by the fiscal yearend (March 2019) upon the completion of its biggest refinery in the southern city of Bandar Abbas, a deputy oil…
Iran plans to build 40 water and wastewater treatment plants in the current fiscal year (started March 21), the planning and development deputy of National Water and Wastewater Engineering…
Iranian petrochemical exports exceeded 22 million tons in the last fiscal year that ended on March 21.
According to Shana, domestic producers exported 22.41 million tons of…
The result of technical studies on Sardar-e Jangal oil and gas field off Gilan Province in the Caspian Sea and on the offshore exploratory blocks of 24, 26 and 29 submitted by Norway's Offshore…
Iran's 57 petrochemical complexes produced nearly 55 million tons of goods in 2017, of which 17.5 million tons, worth $9.2 million, were sold to domestic companies.
Russia’s state-controlled giant Gazprom and Saudi Aramco have agreed to boost cooperation in the gas sector, widening their areas of collaboration in the industry.
Oil prices edged up on Friday, stabilizing after an earlier slide driven by US President Donald Trump’s criticism of OPEC’s role in pushing up global oil prices. Brent crude oil futures gained…
French oil major Total is sticking it out in Venezuela despite a near-economic collapse in the Latin American company, Total’s Chief Executive Officer Patrick Pouyanne said at an oil summit in…
Russia and Iran have launched an oil-for-goods exchange program seeking to eliminate bilateral payments in US dollars and plan to keep it going for five years, the Russian energy minister said.…
Energy Minister Reza Ardakanian said by building dams on Hirmand River, the eastern neighbor Afghanistan has significantly reduced the volume of water entering Iranian territories in Sistan-…
BP has announced that it has signed a memorandum of understanding to explore areas of cooperation with Petroleo Brasileiro S.A. (Petrobras).
India slashed its Iranian oil imports in February to a 1-1/2-year low to keep annual volumes from Tehran near the previous fiscal year's levels and within the limits allowed under a deal…
Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC-led supply cuts and strong demand gradually drawing down excess supplies.
Brent crude oil…
A meeting of the Joint Technical Committee of OPEC and non-OPEC oil producers part of the supply-cut pact announced on Thursday that oil inventories in developed economies had dropped to 12…
A South Korean venture with the UAE is edging closer to switching on the Arab world’s first commercial atomic energy plant.
French energy giant Total S.A. held a technical workshop in the southern Bushehr Province on Wednesday on "installation of offshore platforms". The event was attended by Total's representatives…
National Iranian South Oil Company plans to build its first industrial wastewater treatment plant beside Ahvaz Oil Desalting Complex in Khuzestan Province to optimize the use of water resources…
In line with the policy to expand the national gas grid, projects are underway to add over 1,500 kilometers of pipelines to the country's gas network in the current fiscal that started on March…
A 150-megawatt hydroelectric power plant was inaugurated on Thursday in the city of Behbahan, Khuzestan Province in southern Iran, in a ceremony attended by Energy Minister Reza Ardakanian.
Oil major Total said it will buy a majority stake in French electricity retailer Direct Energie in a €1.4-billion deal that will make it a major challenger to state-owned market leader…
The Russian Energy Ministry is working with Iran on extension of the agreement on oil supplies to Russia under the oil-for-goods program for five years, its energy minister told reporters on…
Middle East and North African countries need to invest $260 billion over the next five years for electricity production to meet rising demand, a report said on Tuesday.
The region, which…
