Natural gas production at phases 17 and 18 of South Pars Gas Field in the Persian Gulf will rise by 40 million cubic meters a day to help minimize Iran's gas demand in the cold season, managing…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Asian imports of Iranian oil fell nearly 6% from a year earlier in September, as Iran's biggest crude buyers held off from increasing purchases following the landmark agreement on Tehran's…
Development of West Karun oilfields in the southern Khuzestan Province is Iran's top priority to raise crude production and regain its lost ground in the global oil market in the post-sanctions…
National Iranian Drilling Company has indigenized 310 strategic drilling equipment in collaboration with domestic manufacturers and technicians during the first half of the current Iranian year (…
BG Group raised its 2015 production forecast for the second time this year on Friday, as Britain's third-biggest energy company posted a sharp but better-than-expected fall in third-quarter…
Iran’s crude exports are likely to remain restricted until the first half of next year, when it is “reasonable” to expect international sanctions against the OPEC producer to be lifted, according…
Iraq overtook Saudi Arabia as the top crude exporter to India in September for the third time in 2015, according to tanker data, as the two biggest OPEC producers battle for market share in…
Iran is ready to challenge regional neighbors in a race to claim a bigger share in Iraq’s emerging power market after the sanctions against the Islamic Republic are lifted, the head of Iran…
Iran's oil industry needs investments worth $185 billion in the sixth five-year economic development plan (2016-21), said deputy oil minister for international affairs.
Amirhossein…
Energy Minister Hamid Chitchian explored wide-ranging areas for economic and energy cooperation with Brazil in a meeting with the country's minister of development, industry and foreign trade,…
Importing gasoline from the northern part of the country has been banned, as imports have failed to meet the minimum octane ratings, the head of Iranian National Standard Organization said.
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The UAE will lower domestic prices for gasoline and diesel in November, the country's ministry of energy said on Wednesday. The price of a liter of octane 95 gasoline will drop 5% to Sh1.70 ($0.46…
Saudi Arabia is looking at raising domestic energy prices, Oil Minister Ali al-Naimi said on Tuesday, confirming that the kingdom could cut a lavish system of subsidies blamed for waste and…
The US plans to sell millions of barrels of crude oil from its Strategic Petroleum Reserve from 2018 until 2025 under a budget deal reached on Monday night by the White House and top lawmakers…
Oil giant BP reported a 96% drop in third-quarter profit on Tuesday and announced further efforts to curtail spending, as it prepares for a prolonged period of low oil prices.
Turkish state gas importer Botas has appealed to the International Chamber of Commerce to resolve a row over the price of gas from Russia after the two countries failed to sign a deal,…
South Korea's Samsung Group is in talks with Iranian Offshore Oil Company on building oil equipment and installations, the latest move by a Korean firm to cement a place in Iran's emerging…
Oil Minister Bijan Namdar Zanganeh explored opportunities for cooperation in energy sector with Brazil in a meeting with the country's minister of development, industry and foreign trade, Armando…
The National Iranian Gas Company has boosted gas delivery to power plants in the past seven months to help curb air pollution and reduce the consumption of polluting fuels such as diesel and mazut…
Iran’s gasoline imports nearly doubled in the first seven months of the current Iranian year (began March 21) compared with the corresponding period of last year, said managing director of the…
The conference for unveiling the framework of Iran’s multibillion-dollar oil contracts, known as Iran Petroleum Contract or IPC, will lift the curtain on some 40-50 enhanced oil recovery projects…
Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling US output, a senior…
Crude oil prices could drop sharply lower as refined product storage sites come close to maximum capacity, further adding to a glut that has already seen crude prices fall by more than half since…
The overall cost of replacing and maintaining Britain's nuclear deterrent will reach £167 billion ($256 billion), much more than expected, according to a lawmaker's calculations based on official…
Oil edged lower on Monday on a global supply glut pushing fuel storage sites close to capacity, with fewer speculators betting on a rise in crude prices.
Brent, the international benchmark…
