Petrochemical Research and Technology Company and Iran Standard and Industrial Research Institute have signed an agreement to accelerate research and development as well as quality assurance in…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Gasoline import to the country will halt as soon as new gasoline refining projects go on stream in the next Iranian year (starting March 20, 2016), managing director of the National Iranian Oil…
The relentless idling of US oil and gas rigs is approaching a historical low as shale drillers struggle to stay afloat in a deepening downturn.
A price crash caused by a global oversupply…
Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is "not a realistic one," Saudi Foreign Minister Adel al-Jubeir said on…
“Made in Germany” should mean money for companies tapping into Iran’s underdeveloped but potentially enormous solar market, according to a government-commissioned report.
With economic…
Power consumption during the peak hours is projected to increase by 3,000 megawatts in the summer of the next Iranian year (starting March 20, 2016), deputy head for grid planning and development…
US monthly crude oil exports fell to an average 364,000 barrels a day in January, the first full month of unfettered shipments since the nation repealed its 40-year-old trade restrictions on the…
Over the next 12 months, 650 gas stations will be added to Iran’s current 3,450 stations, the head of Iran Gas Station Owners Union said.
“In addition, 65 stations will go on stream in mid-…
Sanctions cut Iranian crude exports from around 2.5 million bpd before 2011 to just over 1 million bpd in recent years.
However, Iranian officials have unusually included the sales of gas…
Iran's Petrochemical Commercial Company is considering plans to reopen its representative office in South Korea's capital Seoul in the near future, the company's chief executive said on Saturday…
Pakistan is considering the resumption of crude oil import from Iran via land route following the removal of international sanctions.
Oil is pulling away from the market’s biggest storm in seven years.
A measure of price volatility has tumbled from the highest level since January 2009 as the market frenzy eases amid a…
Iran, OPEC's No. 3 producer, is expected to raise its oil exports in March to around 1.65 million barrels per day from 1.5 million bpd a month earlier on the back of higher crude shipments to…
Some members of OPEC plan to meet other oil producers in Russia around March 20 for new talks on an oil output freeze, Nigeria's petroleum minister said on Thursday, forecasting the meeting would…
Romania is willing to import natural gas and LNG from Iran and take part in the Persian Gulf country's offshore and onshore oil and gas projects, deputy oil minister for international affairs said…
Qatar and the UAE, have adopted best practices to keep their energy sector rolling; something Iran must do after years of sanctions.
This was stated by Carlos Guevara, a member of ShiftIN…
A high-ranking economic and political delegation of Turkish officials arrived in Tehran on Friday to negotiate the amount of compensation Iran has to pay Turkey under a court ruling over…
India's oil imports from Iran rose by over a fifth in February, the first month after a nuclear deal that lifted restrictions on Tehran's oil exports, preliminary tanker data obtained by Reuters…
Saudi Arabia will face a new billion-barrel adversary even if it wins its struggle with US shale producers over market share.
Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in US crude stockpiles to a record countered support from producer efforts to tackle a supply glut.
US…
Representatives of three South Korean companies, namely OCEANUS, KITECH and KOGAS, met officials of the Research Institute of Petroleum Industry and expressed optimism to start research and…
Energy Ministry signed its first post-sanctions contract with a multinational European company, deputy energy minister for planning and economic affairs announced on Wednesday.
Alireza…
Russian oil companies have agreed not to increase oil production this year following the preliminary deal reached by Russia, Saudi Arabia, Qatar and Venezuela last month, President Vladimir Putin…
German engineering giant Siemens said on Wednesday it has signed a far-reaching agreement with Iranian group MAPNA to help modernize Iran's energy infrastructure.
Iran still faces constraints on oil exports, as buyers are cautious about boosting trade immediately because of banking and shipping insurance difficulties, a senior Iranian oil official said,…
