With the US opting out of the Paris climate agreement, many have turned their focus to China to spearhead efforts to curb greenhouse emissions and move from fossil fuel to renewable energy.
Energy
Oil fell more than 1% on Monday as markets opened after western airstrikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices.
Brent crude…
The Russian Energy Ministry is confident of implementing the Nord Stream-2 gas pipeline project, the Russian energy minister said.
Iran's export of crude oil and condensates to Asian and European markets amounted to 2.1 million barrels per day in March. According to Shana, Oil Ministry's news portal, the figure breaks down…
The first phase of gas feedstock delivery in the form of compressed natural gas to a power plant in the city of Chabahar in the southeastern Sistan-Baluchestan Province will be launched in May,…
Entekhab Industrial Group, a major domestic manufacturer, is making efforts to finalize contracts for completing petrochemical projects with a combined capacity of over 3 million tons in the…
Close to 3,000 megawatts in new power capacity will be added to the national grid to meet the electricity peak in summer, the managing director of Iran’s Thermal Power Plants Holding Company…
Iraq has pushed back this month’s auction to award the rights to develop 11 oil and gas fields to international companies by 10 days, after it amended some of the contract terms, Bloomberg…
Venezuelan President Nicolas Maduro has decreed extra powers to his oil czar Manuel Quevedo to try and halt sliding crude output in crisis-hit Venezuela, which has sunk to its lowest level since…
South Korea’s March crude oil imports from Iran dropped 39.3% from a year earlier on slowing demand for Iranian oil, the country’s customs data showed on Sunday.
Essar Oil has settled about €2 billion ($2.5 billion) in dues to Iran to cover previous oil purchases and still owes the country about $616 million, B. Anand, chief executive officer of the…
The country's refineries produced close to 214 billion cubic meters of natural gas in the fiscal 2017-18, the National Iranian Gas Company's production manager said.
"The output…
Bijan Namdar Zanganeh, the Iranian oil minister, cautioned the world against politicizing the global oil market, noting that adopting such a policy will harm not only suppliers but also…
Iran has reached an agreement with Azerbaijan to purchase 180 megawatts of electricity from the Caucasian country to prevent a potential power shortage in summer.
As per the agreement,…
Iran and its southern neighboring country Oman are expected to reach a final agreement on an offshore pipeline project to supply Iranian gas to the littoral state by the end of June, Oil…
Poland’s biggest oil refiner PKN Orlen said on Friday that a shipment of 130,000 tons of Iranian crude oil has arrived at the Baltic seaport of Gdansk.
Most of the oil refined in Polish…
Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of western military action in Syria and reports of dwindling global oil…
Solar energy dominated global investment in new power generation like never before in 2017.
The world installed a record 98 gigawatts of new solar capacity, far more than the net…
OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation, the International Energy Agency said.
Oil held near its highest in nearly three years on Wednesday, supported by political tension in the Middle East, although evidence of rising US crude supply acted as a counterbalance.
The construction operation of Iran’s first floating solar farm in Shahid Mohammad Montazeri Power Plant in Isfahan Province started on Tuesday.
The 1 megawatt floating photovoltaic farm…
Bushehr Nuclear Power Plant in the southern namesake city generated 7.4 billion kilowatt-hours of electricity in the past fiscal that ended on March 20, the head of the power plant said.
The oil market balance targeted by OPEC and allies in their production cut deal—bringing inventories down to their five-year average—could be reached in two or three months or so.
This…
Lukoil expects to sign contracts with Iran in 3-4 months to develop the country's oilfields, the head of Lukoil, Russia's oil-producing giant, Vagit Alekperov, announced.
The National…
Saudi Arabia, the world’s top oil exporter, plans to keep its crude oil shipments in May below 7 million barrels per day for the 12th consecutive month, the Saudi energy ministry said.
