Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • Around 200 commercial delegations have visited Iran after the signing of the nuclear agreement known as the Joint Comprehensive Plan of Action between the country and world powers in July last…

  • More than 200 representatives from China’s private transportation and infrastructure sectors attended the Housing, Transportation and Logistics Investment Summit in Beijing on Tuesday.

    In…

  • The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change…

  • Libya plans to almost double crude production next year even as the producer group (OPEC) tries to implement a deal to trim production and ease the global supply glut.

  • Saudi Arabian and Russia energy ministers could meet in Qatar this week on the sidelines of a major energy forum, industry sources said, as OPEC and non-OPEC members try again to clinch an oil…

  • Iran should emerge as an electricity hub and a key player in power generation and export in the Middle East by 2025, a deputy energy minister said on Wednesday.

    “Unlike many neighboring…

  • Iran is planning to invest $14 billion to upgrade its aging refining industry as part of efforts to rebuild and expand the petroleum industry despite low crude prices and volatility in global…

  • The 18th ministerial meeting of the Gas Exporting Countries Forum (GECF) will be held in Doha, Qatar on Thursday.

    According to the semi-official Mehr News Agency, Hussein Kazempour Ardabili…

  • Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the US oil company was told to pay by a court in the Central African nation over unpaid royalties, Bloomberg reported on…

  • Oil prices jumped more than 3% on Tuesday, bouncing back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut.

  • Final agreements on work of Russian oil companies in Iran may be reached during a meeting of the intergovernmental commission in Tehran due December 13, speaker of Russia's Federation Council…

  • Iran became the top crude exporter to France in September, for the first time since it began exports there after the removal of international sanctions in January.

    It surpassed Saudi…

  • Negotiations are underway between Iran's National Petrochemical Company and two unnamed German companies to open two lines of credit worth €12 billion ($12.9 billion), NPC's head of financial…

  • OPEC nations embarked on a final diplomatic effort to secure a deal on oil cuts, with Qatar, Algeria and Venezuela leading the push to overcome the divide between the group’s biggest producers,…

  • British oil company BP Plc has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement on Monday.

    According to the embassy, Britain has been…

  • Italian oil and gas servicing companies, Saipem and Tecnimont, are planning to build a 120,000-barrel per day gas condensate refinery in Fars Province, the managing director of Ghadir Investment…

  • The National Iranian Tanker Co., the country’s top oil-shipping company, is tinkering with plans to list some of its shares in domestic and international markets, the chief executive said.

  • Kahnuj Combined Cycle Power Plant with an output capacity of 484 megawatts is expected to go on stream today in a ceremony attended by First Vice President Es'haq Jahangiri in Kerman Province,…

  • Trafigura Group, the world's third-largest independent oil trader, disclosed $14.2 billion in payments to governments in 2015, a 24% drop from the year before, as lower oil prices and sharply…

  • Oil held steady around three-month lows on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that the Organization of the Petroleum Exporting…

  • China's daily crude oil production in October fell to the lowest in more than seven years, the country's statistics bureau data showed on Monday, as producers remain reluctant to drill new wells…

  • Tehran and Muscat last week discussed a multi-billion-dollar project to export Iranian natural gas to the Arab country via a subsea pipeline through the Persian Gulf in a joint meeting with senior…

  • Royal Dutch Shell Plc is considering investment in Iran's emerging petroleum industry, notably funding and constructing a gas-to-liquids (GTL) plant, a deputy oil minister said.

    "There is…

  • Iran boosted oil output at three western fields faster than it expected as top OPEC producer Saudi Arabia called for a collective output cut later this month to help rebalance the market.

  • Iraq plans to export 3.163 million barrels per day of Basra crude from its southern ports in December, slightly lower than in this month, five sources with knowledge of the matter said on Monday…