Russia does not use stocks in tanks to help boost oil output and lacks sufficient stocks to influence the oil market, Russian Energy Minister Alexander Novak told reporters in Johannesburg,…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Anglo-Dutch energy giant Royal Dutch Shell, French peer Total and Spain’s Repsol on Thursday logged surging second-quarter net profits on the back of soaring oil prices.
Rising oil…
Iran has started providing ships and insurance cover to continue exporting crude oil to India, its second-biggest buyer after China, with the US sanctions looming, people familiar with the…
The production of premium gasoline, marketed as "super", has been limited in the country's refining plants. According to Shana, the Oil Ministry's news portal, the restriction is due to…
Natural gas delivery to thermal power stations in the first four months of the current fiscal, started March 21, has hiked by 3.1% compared with the corresponding period of last year, director…
Qom Province’s Governorate has signed a memorandum of understanding with an unnamed Chinese company on building solar power plants with a combined production capacity of 30 megawatts, the…
The volume of natural gas transmitted in the national gas grid during the first two months of the current fiscal year (started March 21) experienced a 9% hike compared with last year’s…
Since US President Donald Trump withdrew the United States from the Iran nuclear deal in May, the country has been negotiating with other nations to keep its oil-dependent economy alive. However…
Japan is seeking an early exemption from the US on its sanctions against Iran as among the highest priority for the country's energy security as well as local refiners' need for Iranian oil, a…
China Petroleum & Chemical Corporation (Sinopec) said on Tuesday that it expects its net profit for the first half of 2018 to have jumped by around 50% on the year, on the back of higher oil…
Russia is preparing the most radical shakeup of its oil-tax system since 1999. The changes will allow the nation’s producers to export crude and oil products duty-free. Starting next year,…
South Korea's crude oil imports from Iran dropped 41% year-on-year in June ahead of the reimposition of US sanctions on the Middle Eastern country, while intakes from Kazakhstan and Mexico…
Oil Minister Bijan Namdar Zanganeh said the maximum use of Iranian manufacturers' capacity is a top priority, but the key sector "is not a place for trial and error".
Zanganeh made the…
Gasoline consumption in the fourth Iranian month that ended on July 21 reached an unprecedented average of 91.7 million liters per day, data released by the National Iranian Oil Products…
Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic growth and…
Strike action on Monday cut flows from the Total-operated Elgin-Franklin and Alwyn natural gas field in the UK North Sea by 13 million cubic meters per day, giving the UK gas price a small boost…
Rising oil revenues are improving the outlook for budget and trade balances among Persian Gulf Arab countries, but will do very little to boost economic growth, a quarterly Reuters poll of…
Iran has overtaken Saudi Arabia as India’s number two oil supplier in the April-June quarter, India’s oil minister said on Monday. Iraq remains India’s number-one supplier of crude. While Iran…
The National Iranian South Oil Company and Petro Gohar Farasahel Kish Company have signed a non-disclosure agreement, based on which the latter will develop oil storage infrastructure in Ahvaz…
The Petrochemical Research and Technology Company has devised plans to provide domestic petrochemical complexes with catalysts and licenses to expand production and boost quality, PRTC's…
Isfahan Power Plant in the eponymous central province has launched a plan to meet 30% of its water demand by treating effluents produced in the nearby cities of Khomeini Shahr and Dorcheh…
Iran's Oil Minister Bijan Namdar Zanganeh met his Russian counterpart, Alexander Novak, in Moscow on Monday.
Private investments in the renewable sector are projected to reach 200 trillion rials ($4.7 billion) by the end of next fiscal year (March 20, 2020), the head of Renewable Energy and Energy…
In line with efforts to curtail gas emissions, Shahid Hasheminejad Gas Processing Company curbed the release of 46,000 tons of carbon dioxide by developing the second phase of flare gas recovery…
Global energy investment fell by 2% in 2017, the third consecutive year of a decline, which sounded the alarm this week, warning that the world is not spending enough on energy.
