Iraq has restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region, industry sources said on Friday after a new…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
US shale may be the darling of the oil industry now, but the boom is not going to last, according to the International Energy Agency. The richest areas will have been exploited by the mid…
Tehran received 46 millimeters of rainfall in the first 50 days of the autumn season, which shows a 300% increase compared to the 11mm of rain that fell in the corresponding period last year,…
Iran pumped around 3.29 million barrels per day in October, down from 3.45 million bpd in September, OPEC data shows.
According to OPEC secondary sources, Iran's average crude…
Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday. Baghdad is now seeking US approval to allow…
The Thermal Power Plants Holding Company says it will shut decrepit power plants producing 1,200 megawatts amid a push toward efficient electricity production and investments in renewables, head…
A liquefied natural gas cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on US imports, shipping data from Refinitiv Eikon showed on Monday…
OPEC will not respond to US pressure to lower oil prices but will seek to maintain a balanced market, UAE energy minister Suhail al-Mazrouei said Tuesday, after President Donald Trump warned the…
The Organization of the Petroleum Exporting Countries hasn't been effective in stabilizing oil prices, which have been more dependent on US shale production than the actions of the…
Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the…
As the world's third largest natural gas producer, Iran can expand its footprint in international markets by investing in major liquefied natural gas projects and consuming the natural resource…
To improve stability in power supply in Khuzestan Province and reduce outages, 12 gas-insulated substations will become operational soon, Khuzestan's governor general said.
The second phase of Ghadir Water Supply Project was launched in Abadan on Monday. Completed at a cost of $38 million, it provides water from Karkheh River to Ghadir Water Treatment Plant and…
Saudi Arabia is not preparing for a break up of OPEC and believes the group will remain the global central bank for oil for a long time, Saudi Energy Minister Khalid al Falih said on Monday.…
Oil prices jumped more than 1.5 % on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019. Front-month…
Renewable energy capacity will increase by 3,000 megawatts up until 2021, the energy minister said in a meeting with a visiting German economic delegation.
Close to 13,000 megawatts of electricity generation capacity has been added to the national grid with the help of private companies over the past decade, director of private power plant projects…
JXTG Holdings, Japan’s biggest oil refinery operator, is considering whether to resume Iranian oil purchases after Japan was granted a waiver from US sanctions targeting Iran, Senior Vice…
Gazprom said a Swiss court has issued an injunction blocking payments from the operators of the Nord Stream gas pipeline as part of a legal dispute between the Russian gas producer and Ukraine’s…
Forecasts of a more extended November cold snap across the US sent natural gas prices to a near two-year high, as investors worry about rising demand at a time when supplies are at the lowest…
A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.
Prior to implementing the much talked about gasoline rationing system, Iranian people will be informed about the details, a government official said. "Nobody should be kept in the dark about…
Not purchasing any oil from Iran for four consecutive months was not Seoul’s choice, it was indeed part of a strategy “premised on sagacity” to be able to win waivers from the United…
Tabriz Petrochemical Company in East Azarbaijan Province will be connected to the West Ethylene Pipeline, a 1,200km pipeline that runs from Asalouyeh in the south to West Azarbaijan Province in…
Turkey has been granted a waiver of around 25 % on US oil sanctions against Iran, Turkish Energy Minister Fatih Donmez said Friday, amounting to around three million tons of oil annually.…
