Energy

A diesel hydrotreating unit started operating at the Bandar Abbas Oil Refinery in Hormozgan Province to help improve the quality of products in compliance with Euro 4 standard, said the refinery…

Russian energy majors are putting pressure on western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against…

Gas supply to thermal power plants has risen by 6.6% over the past seven months compared to last year, a deputy manager at the Thermal Power Plants Holding Company said. "Almost all (95.5%)…

China has recently overtaken Japan to become the world’s biggest importer of natural gas and will likely keep that crown as pipeline and liquefied natural gas infrastructure grow, according to…

Iran Oil Minister Bijan Namdar Zanganeh says the Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC) in charge of monitoring a deal between OPEC and other oil…

Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crude to allow it greater flexibility in procuring supplies, a spokesman said. “Eni is examining the…

Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy. Futures in New…

Close to 85% of equipment used in solar power plants has been indigenized and renewable stations continue to function normally despite the new US sanctions, a deputy energy minister said Monday…

Due to the systemic decline in precipitation over the past several years, hydropower plants did not generate as much power as needed and that led to problems in power supply in some regions in…

Oil prices fell on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.…

A desalination unit in Sirik County, off the coast of Sea of Oman in the southern Hormozgan Province, was launched on Thursday. The facility provides 8,000 people with potable water, ISNA…

An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources…

China’s Sinopec and CNPC are speeding up drilling and exploration from major shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports…

International Energy Agency data show Iran paid $45 billion in energy subsidies in 2017, a member of the Tehran Chamber of Commerce said. "The data indicate a 55% growth in energy subsidies…

Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming US sanctions, two sources at the company told Reuters. The National Iranian Oil Company…

The first phase of Bandar Anzali small-scale power plant with 25-megawatt output will become operational in Gilan Province soon. Hassan Vali, the project operator, said Sunday the venture with…

Iraq's debt to Iran for electricity imports amounts to $1 billion and it is hoped that the debt will be cleared in the near future, a spokesman for the Iran Power Generation, Distribution and…

Euro-4 diesel sales started in nine more provinces and nationwide supply will commence in March, a deputy at the National Iranian Oil Products Distribution Company said.  "As of now the…

China’s state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint venture with Iraq’s state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next…

Tabriz Petrochemical Company has developed a RTO system to collect and dispose emissions from its ABS unit and the system will be operational within two weeks, the managing director said.

Russia’s oil production increased to 11.41 million barrels per day in October from 11.36 million bpd in September, setting a new post-Soviet record high as the largest oil companies, Rosneft and…

Most of the world’s top oil trading houses expect oil prices to decline next year as slowing global economic growth and rising oil supply is expected to compensate for fewer Iranian crude…

The infrastructure to restart use of smart fuel cards for fuel rationing is almost ready, a member of the Majlis Energy Commission said.

The prospects of Indian refiners cutting their intake of Iranian crude oil to zero are unrealistic, the chairman of Indian Oil Corporation told S&P Global Platts.

The US has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration…