Plans are underway to implement liquefied natural gas projects worth $20 billion over the next five years with the help of foreign investment, deputy oil minister for international and commercial…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Islamic State militant group, pushed off from more than half of the Iraqi territory it seized in 2014, has suffered a near collapse in revenue from oil smuggling, officials say, forcing it to…
Downward pressure on crude oil sent prices to their lowest level since April 6, sounding the alarm for commodities traders and countries whose economies are dependent on energy revenues. But some…
The star of Iran's Kharg Oil Terminal is rising as a growing number of international vessels set sail for the Persian Gulf port to carry crude during the second quarter of the current Iranian…
Low prices of liquefied natural gas have dissuaded Pakistan from taking meaningful measure to complete the long-delayed Iran-Pakistan 'Peace' Pipeline project, a senior gas official said in Tehran…
Iran’s return has not changed the alignment of forces on the global oil market, says the chief executive officer of SOCAR Trading SA, the marketing arm of Azerbaijan’s state oil company SOCAR,…
The National Iranian Gas Export Company has signed a contract to export natural gas to a privately-owned company in Georgia under a four-month pilot agreement, NIGEC director said on Sunday.
Implementation of the Nord Stream 2 gas pipeline project will be discussed at a meeting with Vice-President of the European Commission Maros Sefcovic, Russian Energy Minister Alexander Novak…
Exxon Mobil Corp. and Royal Dutch Shell Plc this week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.’s third straight loss marked the longest slump in 27…
OPEC's July oil output is likely to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant…
A fire at a petrochemical complex in western Iran was extinguished within hours after it broke out on Friday.
The blaze at the Bistoon Petrochemical Company in Kermanshah Province was…
Iranian oil purchase by four major buyers in Asia in June jumped 47.1% from a year ago to the highest level in more than four years, further evidence that Tehran's determination to recover market…
Iran on Friday signaled that it is willing to work with Russian companies as partners in its oil industry as it seeks a fair share of the international crude market it lost under the international…
US oil drillers this week added rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in…
Iran exported 13.5 million tons of petrochemical products worth $5.6 billion during the first four months of the current Iranian fiscal year that started in March.
According to a report by…
India's Essar Oil, the top buyer of Iranian crude, imported about 18% less oil from Iran in June compared with a year ago, according to tanker arrival data obtained from trade sources and ship-…
Oil prices fell close to three-month lows on Wednesday after US industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging…
Norway's Statoil cut its 2016 capital spending guidance as it posted earnings well below forecasts on Wednesday, hit by persistently low crude prices, higher costs at home and abroad and weaker…
The European Bank for Reconstruction and Development (EBRD) is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring gas across the Balkans and on to…
A report on the investigation into the cause of a massive fire that broke out in one of Iran’s major petrochemical plants this month will be released soon, Oil Minister Bijan Namdar Zanganeh said…
National Iranian South Oil Company signed an agreement on Tuesday to sell around 1.2 million cubic meters per day of associated petroleum gas to the private sector to be used as feedstock for…
Iran and Armenia on Tuesday explored grounds for increasing electricity exchange in what was described by both sides as an effort to help promote economic and political stability in the region.
Energy Minister Hamid Chitchian on Tuesday released some disturbing data along with new warnings about the imprudent and unsustainable water consumption in Iran, which has reached alarming…
The Renewable Energy Organization of Iran (SUNA) and a group of investors from Switzerland and Italy have signed a contract to build a solar power plant in North Khorasan Province.
A member of parliament has urged policy and decision makers to come up with an efficient plan of action and open up to much-needed foreign direct investment in the oil and gas sector, which is…
