An operational program for Yaran Oilfield near the Iraqi border is slated to be prepared within a week, the chief executive officer of Iran’s Petroleum Engineering and Development Company (PEDEC…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Energy Ministry has launched plans to establish 40 small-scale power plants with distributed generation systems in the northern provinces of Mazandaran and Golestan with the help of the…
Close to 1.8 billion kilowatt hours of electricity have been generated from renewable sources since June 2009.
According to state-owned Renewable Energy and Energy Efficiency…
Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week, as well as by a weaker dollar that potentially supports more fuel consumption.…
The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.
Exiting the OPEC output reduction deal could take two to five months of negotiations, Russian Energy Minister Alexander Novak said on Monday, according to a report by Reuters quoting Interfax.…
Oil rose 2% on Monday, recovering some of last week’s steep losses as global equities steadied after their largest one-week slide in two years.
Brent crude futures rose 95 cents to…
The government has allocated $1.2 billion to water management schemes in the five past years, a majority of which have been planned in collaboration with the private sector, data released by the…
The completion of value chain in the petrochemical industry, which calls for developing the downstream sector, will further increase revenues from exports, a member of Iran Chamber of Commerce,…
The gas grid will expand to cover 99% of urban and 90% of suburban population by 2020, the National Iranian Gas Company's director for gas supply said.
Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places. China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is…
With years of austerity in their rear-view mirrors, the world’s biggest oil companies are locked in a contest to lure investors with promises of growth and greater rewards.
Development plans presented for the South Azadegan Oilfield are comprehensive and competitive, because of which they should be scrutinized closely.
Tehran hopes to sign contracts with Russian oil and gas companies in 2018, as there is noticeable progress in its cooperation, particularly with Rosneft and Gazprom, Iran's ambassador to Russia…
Fitch Ratings says Shell, Total and British Petroleum are adjusting their operations to match the realities of an under-$60-barrel price in the long run, according to a new report by Forbes.…
Since 1990, the production of “green” electricity in Germany has increased by 1,000% and export rates, according to preliminary data for 2017, just smashed another record.
Liquefied petroleum gas shipments from Iran made a strong start to the year, rebounding to 520,000 metric tons, an equivalent of 444,000 barrels, in January, the highest since international…
In line with plans to raise crude output by developing shared reservoirs with Iraq, an agreement to install skid mounted modular mini refining units to process 50,000 barrels per day in South…
Iran's annual petrochemical revenue has averaged $20 billion in the last five years, Oil Minister Bijan Namdar Zanganeh said.
“To increase non-oil exports, we should raise petrochemical…
Iran's natural gas export to Iraq is set to reach 50 million cubic meters per day in the next fiscal year (starting March 21), the managing director of state-run National Iranian Gas Company…
The US solar industry lost nearly 10,000 jobs last year, led by steep losses in mature markets like California and Massachusetts where installation growth has slowed, according to a new report…
Saudi Arabian Oil Company and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the…
A new monthly record on oil tanker traffic in South Pars in Asalouyeh, Bushehr Province, has been registered, which shows a sharp rise in the volume of gas condensate trade.
The Iranian Oil Pipeline and Telecommunications Company is ready to transfer crude oil from Iraq's Kirkuk to the Persian Gulf region, the company's managing director said.
Pars Petro Zagros Engineering and Services Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct studies on an onshore oilfield in Khuzestan Province…
