Sanctions against the Russian oil industry will affect oil production in 2020, according to the report from the Analytical Credit Rating Agency. According to the report, after the introduction…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran will end facilities provided to India if the latter embarks on replacing Iranian oil with that of other countries under the US unilateral sanctions, Iran's charge d'affaires said in New…
An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports cited an official from the…
Energy Minister Reza Ardakanian said on Tuesday Tehran and Yerevan need to boost efforts to complete their joint projects in the energy sector, including the third electricity transmission line…
Italian oil giant Eni announced a second oil discovery in Egypt’s Western Desert on Monday, some 130 km north of the Siwa oasis, a statement by Eni reads. In an official statement published on…
The president of OPEC defended the oil producer group on Monday against US President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.
Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant’s finances ahead of a proposed…
Iran’s vice president acknowledged on Tuesday that US sanctions would hurt the economy, but promised to “sell as much oil as we can” and protect banking.
Es’haq Jahangiri added that…
Iran’s capital market is not prepared for the launch of an oil bourse, as it needs to be connected with global markets and supported by the international banking system, a member of the…
In the wake of severe drought affecting 334 cities with a combined population of 37million over the past two years, the administration has allocated $237 million to undertake 195 water projects…
By restoring sanctions against Iran, the administration of US President Donald Trump has forced companies, including French, to stop operating in Iran.
Tehran is threatening to block the Strait of Hormuz, a crucial artery for oil shipments from the Middle East should Iranian exports be hampered. This will result in a huge loss of global crude…
US President Donald Trump has once again taken to Twitter to slam OPEC for driving up oil prices.
The group is a useful scapegoat for blaming rising gasoline prices at home, but…
Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also…
India's crude oil import from Iran has been in focus recently after the US administration asked its allies to stop importing from its adversary. Government sources told CNBC that the Indian…
In line with efforts to play a more active role in international drilling ventures, the National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, is negotiating with a…
A waste-to-energy plant is expected to come on stream in the city of Noshahr, Mazandaran Province, in three months.
“Mazandaran Province produces about 3,000 tons of trash per day,…
Iran has signed a memorandum of understanding with Italian and Chinese investors on building solar power plants with a combined capacity of 100 megawatts in the central province of Yazd.
The US is demanding zero purchases of Iranian oil by November, and if that were possible, oil could spike above $120 per barrel, given global crude supplies, says Bank of America Merrill Lynch…
Strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years, said the International Energy…
Major protests erupted Friday in Haiti as the government announced a sharp increase in gasoline prices, with demonstrators using burning tires and barricades to block major streets across the…
Oil Minister Bijan Namdar Zanganeh on Saturday accused US President Donald Trump of insulting OPEC by telling it to boost production and reduce prices. He said Iranian oil production and exports…
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and gas exploration and…
Oil is mixed, with short-covering pushing up US crude futures while Brent slipped on global trade tensions and increased Saudi production.
West Texas Intermediate crude gained 61 cents…
Tabriz Petrochemical Company's output shot up by 7,000 tons between March 21 and June 21compared to last year's corresponding period when production reached 217,000 tons.
