Energy

Oil Minister Bijan Namdar Zanganeh launched a natural gas project on Monday in Jiroft, a well-known farming city in southeast Kerman Province. Speaking on the sidelines of the inauguration…

The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on…

Forty water and wastewater treatment plants will be launched across the country in February, deputy for engineering and development affairs at the National Water and Wastewater Company said.

The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows. DNV, a…

Development of each phase in South Pars Gas Field adds to the gross domestic product by 1%, managing director of the huge gas complex said. "The share of fossil fuels in Iran's energy basket is…

Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018. Brent crude oil futures were…

The National Iranian Drilling Company has drilled and repaired 105 onshore and offshore wells since last March, the company’s deputy managing director for drilling operations said.

Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a…

Oil Minister Bijan Namdar Zanganeh said Sunday gasoline needs are now fully supplied by domestic refineries and imports ended in September. "Gasoline production has reached 95 million liters…

Fuel consumption is over and above global standards and 40% of the energy is lost before it reaches consumers, the director of Iran Fuel Conservation Company said.

Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and…

America’s journey to pre-eminence in the global oil trade is about to hit another milestone.  By the shale-oil boom, the US is already producing more crude than either Russia or Saudi…

Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects. 

Khazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said.

Second phase of the project to transfer water from Aras River to East Azarbaijan is awaiting funds, director of the provincial Regional Water Company said. "Construction of phase 2 is estimated…

Although cold weather usually sweeps through large parts of Iran in the winter seasons, export of natural gas to neighboring counties continues as agreed and it is likely that Europeans could…

A 1-megawatt solar power plant and 52 small-scale photovoltaic systems were launched at the weekend in Bardsir, Kerman Province. The plant was built by a private company in nine months at a…

Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices. OPEC members and allies including…

Global gas production grew at a record clip in 2018, driven by North America. The industry achieved a net production increase of 164 billion cubic meters, which represents the highest…

The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to…

Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.…

China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations…

Output from hydroelectric power plants will reach 10,500 gigawatt hours by the end of the current fiscal in March, director of Iran Hydroelectric Power Management Center Farbod Estiri said.…

Iran's Research Institute of Petroleum Industry signed a contract with a private company to indigenize hydrocracking and reduced crude desulfurization (RCD) catalysts used for gasoline…

Adding 5,000 megawatts of renewable energy to the present 670 MW renewable output will help create 100,000 jobs, a member of the Iran Chamber of Commerce, Industries, Mine and Agriculture said…