China is looking for opportunities to increase participation in Iran’s oil and gas development projects, the Middle East director at China’s National Petroleum Corporation said.
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iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The International Court of Arbitration has ruled that Iran supplied gas to Turkey at a higher price compared to other producers in the region and must cut its exported gas price by approximately…
Italian oil refiner Saras has paid $177 million of the debt it owes Iran for crude oil bought before sanctions were imposed and its chief financial officer said the total debt to Tehran will be…
The Organization of Petroleum Exporting Countries raised its forecast for global oil demand next year and through the end of the decade, anticipating that cheaper crude will spur consumption even…
Energy Minister Hamid Chitchian and his Tajik counterpart Osman Ali Osmanzadeh emphasized boosting energy ties between the two countries at the opening ceremony of 11th session of Iran-Tajikistan…
National Iranian Oil Company on Tuesday signed a preliminary $4.8 billion agreement with Total S.A. and China National Petroleum Corporation to develop Phase 11 of South Pars Gas Field in the…
Negotiations are underway between the National Iranian South Oil Company and BP on developing four oilfields in the southern oil-rich Khuzestan Province, NISOC managing director said.
"The…
Oil investors are growing more doubtful that OPEC can seal a deal.
The National Iranian Oil Company is expected to sign an agreement today with a consortium of companies including the China National Petroleum Corporation International, France's Total and…
Egyptian Petroleum Minister Tarek El Molla attended on Monday an oil conference in Abu Dhabi, the UAE, where he told Reuters he was not going to Iran.
The news appeared to contradict an…
Iran will finalize a master development plan for Farzad-B Gas Field with India's Oil and Natural Gas Corporation (ONGC) by the end of November, Mohammad Meshkinfam, director of the Pars Oil and…
Elham Aminzadeh, the vice president for legal affairs, said Iran has set laws and regulations to raise significantly the share of renewable sources in the country's energy mix which presently is…
From Eni SpA to BP Plc, the biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global…
Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help rebalance the market, according to OPEC Secretary-General Mohammed Barkindo…
Iran has ramped up export of petroleum products, registering a record high of 25 million liters of diesel in one day, mostly to India and China, managing director of the National Iranian Oil…
Turning sewage sludge into fuel has long been a science fiction fantasy of a waste-free world. But researchers at the US Department of Energy’s Pacific Northwest National Laboratory have developed…
The deep job cuts in America's oil patch may at last be healing. For the fourth month running, data from the US Labor Department show employment in oil and gas extraction holding roughly steady,…
Hungarian oil group MOL will invest in new chemical plants to cut its dependence on producing fuel for cars, while also buying more upstream assets and selling goods and services in its petrol…
South Korea's imports of oil from Iran more than doubled in the first nine months of this year from a year earlier after international sanctions on the country were lifted in January, industry…
Iran is competing with Iraq in the production from shared hydrocarbon deposits, as the country has ramped up output from Yadavaran oilfield to 115,000 barrels per day, head of the field's…
Iran’s export of petrochemicals to Europe in the past seven months between March 20 and Oct. 21 doubled compared to the same period in the previous year, director of production control at the…
Expansion and renovation of Tehran's dilapidated power grid needs $3 billion in investment by 2025, managing director of Tehran Regional Electricity Company said.
China has set its 2020 target for installed nuclear power capacity at 58,000 KW and set 2020 target for installed solar power capacity at 100,000 KW, China's Cabinet said on Friday. The growth of…
A memorandum of understanding was signed between the National Iranian Oil Company and Poland's state-run gas company PGNiG on studying the Sumar Oilfield in western Iran.
Iran on Saturday signed the first agreement for cooperation in ITER, a global megaproject aimed to produce clean, safe and theoretically limitless energy from nuclear power.
