A subsidiary of the National Iranian Oil Company has managed to obtain a bunkering license. The private enterprise whose name has not been revealed, will strive to do its fair share in increasing…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Almost 90 percent of the entire equipment and commodities utilized in Siraf refineries project will be procured by domestic manufacturers, director of the project said, Shana news agency reported…
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, has signed a deal to buy five very large crude tankers from ship builders Hyundai Heavy Industries,…
Emirates National Oil Co (ENOC) has made a $5.6 billion offer to buy minority shareholders’ stakes in Dragon Oil, Arabian Oil & Gas reported. ENOC, which already owns 54% of the exploration…
Gas exports to Iraq, which was initially due in May, is delayed for at least a month because of technical and financial impediments, managing director of the National Iranian Gas Company (NIGC)…
Futures prices indicate the physical market is easily absorbing the large volume of crude being supplied and global rebalancing is well underway.
Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit,…
Plans outlined for the petrochemical industry seemingly aimed at preventing the export and sale of raw material, cannot be put into effect now.
Gasoline could be offered at a single rate of 10,000 rials (around 30 cents) per liter for passenger vehicles this week in petrol stations nationwide, following a delay in recharging of smart fuel…
More than 33 oil and gas wells were drilled in the first two months of the current Iranian calendar year (began March 21), drilling manager at the National Iranian Drilling Company (NIDC) was…
State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a $910 million, ten-year loan from local and regional banks, which will be used to fund development projects,…
Italian utility Enel plans huge investments in renewable energy and grids in Africa, World Bulletin reported. in five years Enel expects to have built up to 5,000 megawatts of renewable energy…
China's crude imports from Iran fell 11.6 percent in April from record shipments a year ago but were still the highest in 11 months, official customs data showed on Friday.
China's imports…
Exxon Mobil Corp. is ramping up efforts to track US government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three…
Iran is signing gas export deals throughout the Persian Gulf as it gets its energy sector back on track after years of neglect.
The latest deal, signed on Thursday, will see Iran export a…
Production from Bahregansar oilfield has increased by 2,100 barrels of oil per day (bpd) after wells number 17 and 18 in Asmari layers of the Persian Gulf went into operation, head of Bahregansar…
Construction of the last phase of West Ethylene Pipeline from Miandoab to Tabriz commenced pursuant to President Hassan Rouhani's visit to East Azerbaijan Province on Thursday, managing director…
Iran's gas condensate export capacity has increased 30 percent, reaching six million barrels a day, managing director of the National Iranian Tanker Company (NITC) said, Mehr news agency reported…
Inadequate state funding and private sector fatigue in investing in East Azerbaijan electricity generation projects have caused the province to lag behind in power plant development, which is…
An Iraqi delegation has visited Iran with the aim of expanding cooperation in the field of oil and gas drilling, Mehr news agency reported Friday.
The Iranian Commercial Gas Company (ICGC) is to build liquefied petroleum gas (LPG ) reservoirs overseas with the aim of facilitating export, said Mohammad Ali Barati, IGCC managing director…
Agreements have been finalized for the export of surplus petroleum products to Iraq by private firms, managing director of the National Iranian Oil Production and Distribution Company (NIOPDC)…
The Eastern Partnership (EaP) summit will support the construction of the Southern Gas Corridor, which is to link the EU with the Caspian region bypassing Russia, said the summit’s final draft…
Jordan is seeking a relatively large consignment of liquefied natural gas (LNG) cargoes for delivery in 2016 and 2017, according to trade sources, Reuters reported. The exact number of cargoes…
Turkmenistan, which owns the world’s fourth-largest natural gas reserves, expects foreign companies to invest more than $3 billion in projects on its part of the Caspian Sea shelf this year, a…
