The oil minister on Monday laid out policies and plans to further boost crude oil and gas production and said Iran needs to invest $200 billion in its key energy sector over five years.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
German chemicals giant BASF said on Monday that several people had been injured and some were missing after an explosion at its facility in Ludwigshafen, where the company is headquartered. The…
Iran has no plans to take on Russia in Europe’s natural gas market, managing director of National Iranian Gas Company said on Sunday.
“We cannot compete with Russia in the European (gas)…
Expensive subsidies for fossil fuels and the negative attitude of authorities and stakeholders have resulted in Iran lagging behind global trends in the fast-emerging renewable sector.
Solar panels have been installed in Tehran's Pardisan Park for green electricity production, said Masoumeh Ebtekar, head of the Department of Environment.
She made the statement on her…
Norway's Statoil said on Sunday it had stopped production at its Statfjord A platform in the North Sea due to a fire, and started to evacuate personnel.
Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn.
Iran has no stockpiles of crude oil at sea and floating gas condensates are rapidly dwindling as exports pick up in wake of the lifting of international economic sanctions, says a senior official…
The National Iranian Tanker Company’s board of directors appointed Sirous Kianersi as the company’s new managing director on Saturday. According to IRNA, Kianersi will replace Ali Akbar Safaei,…
The world’s prominent energy forecaster will raise its outlook for wind and solar installations following a decade of underestimating growth in the renewables industry.
OPEC's deal to cut oil production is unlikely to result in a substantial reduction in supplies, some of the world's biggest oil trading companies said this week, meaning the market is unlikely to…
The global demand for electricity is set to double by 2060 thus leading to a significant expansion of global capacities, a top Siemens official said. "At present, around one billion people have no…
South Korea's crude oil shipments from Iran jumped 85.8% in September from a year ago, with imports in the first nine months of 2016 soaring 114.1%, customs data showed on Saturday.
The National Iranian Oil Company has called on foreign corporations to submit documents to be vetted for a hitherto unknown number of oil and gas tenders.
Royal Dutch Shell has agreed to invest $350 million in a major petrochemical project in Iran's Hamedan Province, director of the Industry, Mine and Trade Organization at the province said.
Iran has expanded its share in the Middle East oil byproduct market to 13.5% following the implementation of the nuclear agreement in January that led to the lifting of most financial and trade…
Oil climbed further above $52 a barrel on Friday, supported by a drop in US fuel inventories, though gains were kept in check by ample crude supplies even as OPEC plans to cut output.
…
A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12-$13 billion deal including debt, two sources privy to the deal said, strengthening the ties between the world's…
OPEC reported an increase in its oil production in September to the highest in at least eight years and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus next year…
Russian President Vladimir Putin said on Wednesday he saw no obstacles to a global agreement on an oil output freeze, adding that Moscow is ready to join a proposed cap on oil output by OPEC…
Kazakhstan has sent the first batch of crude oil for export from its Kashagan Oilfield in the Caspian Sea after about 16 years in development and more than $50 billion of investments. The venture…
Iran has cut gasoline imports by nearly two-thirds to 4 million liters per day compared to the first half of the current fiscal year (March 20-Sept. 21), director of international affairs at the…
A top oil official seems confident that Tehran will sign billions of dollars in new oil and gas contracts within the next few months as the country gradually opens up its key energy sector to…
Royal Dutch Shell has signed a memorandum of understanding with Iran’s National Petrochemical Company on expanding cooperation in the key petrochemical industry.
India has received the first parcel of Iranian oil to partly fill its strategic storage in southern India, Mangalore Refinery and Petrochemicals Ltd, which imported the very large crude carrier,…
