Installation of offshore compressor stations in South Pars Gas Field off the Persian Gulf is the most effective approach to control gas pressure reduction, the managing director of Pars Oil and…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened…
The plan to restart the use of smart fuel cards will come into effect in two months. As per a directive issued by the National Iranian Oil Products Distribution Company, car owners as of August…
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister…
Gazprom is exploring the possibility of participating in Iran's oil and gas development projects, deputy CEO of Russia’s top gas producer said Tuesday. "As of today we are reconsidering our…
A new solar power station in the southeastern Kerman Province has been connected to the national power grid. Built over two hectares in Qaleh Ganj County, it is the eighth solar farm in the…
Oil Minister Bijan Namdar Zanganeh said Tuesday the National Iranian Oil Company has invited the Indian consortium led by ONGC Videsh Ltd (OVL) to negotiate for the last time on the development…
The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.
Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around US…
The first phase of a plan to transfer water from Aras River in northwest to Tabriz in East Azarbaijan Province is to be inaugurated by President Hassan Rouhani, the provincial governor general…
Energy Minister Reza Ardakanian has warned that despite high precipitation in the spring, power cuts are likely in summer unless consumption is curbed, especially in the peak hours.
Non-oil exports from the giant South Pars gas field off the Persian Gulf shows an upward trend despite the new US sanctions, head of the customs office of Pars Special Economic Energy Zone said…
A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer. In the Gulf Coast, dwindling heavy oil supplies…
Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said. A contract was signed last week between…
When six petrochemical projects come on stream, the industry’s annual feedstock capacity will increase by 15 million tons, head of the National Petrochemical Company said. The six projects that…
Natural gas supply to West Azarbaijan Province is expanding and 11 more small towns and villages are now linked to the national grid, managing director of the National Iranian Gas Company said…
France’s Total is seeking to sell part of its stake in Kazakhstan’s giant Kashagan oilfield to raise up to $4 billion, four banking sources said. Total holds a 16.8% stake in Kashagan, one of…
To help stabilize power supply in Khuzestan Province, six mega transformers are being installed in Ahvaz and Omidiyeh substations, managing director of the provincial power company said. "The…
The program to restart use of fuel cards without restarting the 2015 gasoline rationing system would be pointless, the former head of the gasoline rationing office said. "Reactivating old fuel…
New electricity tariffs for heavy consumers will start at the end of this Iranian month (June 21). After parliament rejected a government proposal to raise tariffs for subscribers across the…
India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge…
Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq.
In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by the US sanctions, Reuters…
Mapna Group opened Iran’s first electric vehicle charging station at Tehran's iconic Milad Tower on Wednesday.
Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and…
