Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
July 21, 2023 17:55
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February 23,2019Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper. -
February 23,2019US crude oil production hit a record 12 million bpd in the week ending February 22, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly US Energy Information Administration...
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February 23,2019The Energy Ministry has settled $1 billion of its debt to private power plants over the past 11 months. According to IRNA, the ministry owes $2.6 billion to private contractors. Due to the huge...
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February 23,2019Iran has taken noticeable steps in recent years to develop its green energy sector and has the potential to emerge as a regional Green energy hub. Austrian Ambassador to Iran Stefan Scholz made...
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February 23,2019Construction of a new petrochemical complex in Andimeshk, Khuzestan Province, started at the weekend. The project seeks to develop the value chain of methane as in the first phase. Annual...
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February 22,2019To help promote competition, those who build green power stations are not obliged to use locally-produced parts and equipment. Mohammad Sadeqzadeh, head of the Renewable Energy Organization of...
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February 22,2019A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a...
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February 22,2019Electricity subscribers will have to pay 10% of the cost of their power consumption as tax in their electricity bills next year (begins in March). The Majlis agreed on Wednesday to raise tax from...
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February 22,2019Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any...
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February 22,2019The National Iranian Oil Company's Exploration Department has discovered 73hydrocarbon fields during the last 40 years, of which 24 are shared with Arab neighbors, head of department said. "In-...
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February 22,2019Developing oilfields, especially in the Caspian Sea is not on the agenda of the National Iranian Oil Company. Therefore, Khazar Exploration and Production Company as a subsidiary of the NIOC has...
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February 20,2019Oil prices slipped away from 2019 highs on Wednesday, with surging US supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s...
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February 20,2019Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are...
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February 20,2019Iran has all it needs to tap into clean energy but despite scientific studies and steps taken in this regard, the real improvement potential has not been effectively exploited, said the secretary...
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February 20,2019Most of the infrastructure is in place to export natural gas from western Kurdestan Province to Iraq’s semi-autonomous Kurdistan region, provincial head of the National Iranian Gas Company said. "...
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February 19,2019Novatek, a leading gas company in Russia, has asked Mitsubishi Corp. and Mitsui & Co. to invest in an Arctic liquefied natural gas project expected to cost maximum $36.1 billion.
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February 19,2019Qatar's ultra-light crude oil grades bore the full brunt of the recent return of Iranian condensate supply, with spot differentials for deodorized field condensate hitting multi-year lows, but...
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February 19,2019Iran wants to become the world’s sixth largest steelmaker by 2025 and development plans to this effect are underway across the country. So far, so good. However, policy and decision makers seem to...
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February 19,2019Joining the Eurasian Economic Union will help Iranian energy companies expand in the region. To achieve the goal, closer cooperation is crucial between the government and the Iran Chamber of...
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February 18,2019Qatar Petroleum signed preliminary deals worth more than $2.47 billion on Monday with oil services firms Schlumberger and Baker Hughes to boost the local energy industry.
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February 18,2019Oil prices on Monday hit their highest levels since November last year, lifted by OPEC-led supply cuts, US sanctions on Iran and Venezuela, and hopes that the Sino-US trade dispute may soon end.
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February 18,2019The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the US to increase sales to the region.
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February 15,2019In the face of growing competition, Karoun Petrochemical Company has adopted a plan to improve and increase competitiveness, managing director of the company said. "The plan includes diversifying...
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February 18,2019Expansion of the petrochemical sector has continued as planned and $24 billion has been invested in development projects since 2014, National Petrochemical Company's deputy for investment said. "...
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February 18,2019Third phase of the Persian Gulf Star Refinery in Bandar Abbas, Hormozgan Province, was launched Monday in the presence of President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh. Persian...
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