Turkey's crude oil import profile is set for major changes this year following the re-imposition of US sanctions against its main crude supplier, Iran, coupled with the commissioning of Socar's…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show.
Iraq vowed on Friday to adhere to the production cuts agreed to by OPEC and its allies that went into effect at the start of the year. OPEC’s number-two oil producer will hold its production at…
Oil rose towards $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported…
National Petrochemical Company output will increase 40% by 2021, Behzad Mohammadi, the new head of the company said Saturday. "The present annual production is 54 million tons and is programmed…
The National Iranian South Oil Company will finalize production, maintenance and enhancement contracts by the end of the current fiscal in March and contractors will start work on 14 major…
Two third-generation nuclear power reactors will begin operation this year in Finland and France, after years of delays and budget overruns, S&P Platts’ reported. The Finnish project is the…
The share of renewable energy in Mongolia's total electricity production has reached a record high in 2018, local media reported Monday. The share of renewable electricity generation rose to 16…
Talks to develop Farzad B gas field in the Persian Gulf are underway between Iran and India, but no decision has yet been taken, India’s outgoing ambassador to Tehran Saurabh Kumar said…
Households consumed a whopping 480 million cubic meters of natural gas in one day (Thursday) as the cold weather continued to sweep across the country, spokesman of the National Iranian Gas…
Installed capacity of power plants in Sistan and Baluchestan Province will double to reach 2,685 megawatts in two years, the Energy Minister said Tuesday at a meeting with officials in Zahedan,…
If OPEC does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil…
Iraq’s oil exports averaged 3.726 million barrels per day in December, a significant increase from the previous month, the oil ministry said on Wednesday. Exports from Iraq’s southern…
India’s biggest refiner Indian Oil Corp Ltd said Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries. Indian Oil chairman Sanjiv Singh said Iran has…
Export from Khorasan Petrochemical Company increased by 12% in the first nine months of the current fiscal (March-December) compared to the corresponding period last year, the managing director…
Diverting water from the Caspian Sea to the drought-stricken Semnan Province in north central Iran, which is seen by many experts as a highly contentious issue, would cost between 70 cents and…
A declared goal of the government is to develop renewable energy in the deprived and remote areas. The Energy Ministry and private companies are building 50 big and 2,000 small solar power…
The exploration arm of National Iranian Oil Company has been authorized by the Oil Ministry to start the second phase of studies on unconventional hydrocarbon basins, head of the R&D…
Islamabad is willing to renew its electricity import deal with Tehran. Omar Ayub Khan, the water and power minister, made the statement on Tuesday in Islamabad in a meeting with Iran's…
Malaysia's state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production.
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up…
Chinese state-owned oil major Sinopec sank as much as 5% in stock markets last week following reports of massive losses from petroleum contracts and the suspension of two executives.
Water and electricity are indispensible parts of security in today's world and explains why pragmatic approaches to minimize waste must be given top priority. President Hassan Rouhani made the…
Phase 3 of the Persian Gulf Star Refinery in Bandar Abbas in southern Hormozgan Province is fully operational and its production will stabilize by March, Oil Minister Bijan Namdar Zanganeh said…
Energy Minister Reza Ardakanian said 40 large projects related to urban and rural water and wastewater expansion will go on stream in February. The total urban population has access to potable…
