Iran’s Oil Minister Bijan Namdar Zanganeh discussed the export of crude oil and petroleum products to Ghana in a meeting with his Ghanaian counterpart Emmanuel Armah Kofi Buah on Sunday.
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Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's Energy Ministry has concluded contracts worth $663 million with domestic investors to implement water pipeline projects over two years, a deputy energy minister said on Sunday.
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Accelerating the process of setting up the Persian Gulf Star Refinery is one of the achievements of the Oil Ministry in refining and distribution sectors in the current Iranian year ending on…
BP and state-owned Oman Oil Company agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of…
Iran's petrochemical sector needs more than $50 billion investment in the short run, as plans call for boosting annual petrochemical revenues to $22 billion in the next Iranian year (starts March…
The Bank of Russia has lowered its oil price forecast, preparing for an average price of $25 a barrel this year, the central bank's first deputy chairman said in a statement.
A US-based insurer in the international shipping industry said the US government's authorization to cover non-American companies transporting oil from Iran is potentially helping the Persian Gulf…
Iran’s drilling industry, which was restrained by western sanctions, intends to return to the international arena by undertaking projects in the Middle East and the Central Asia.
Iranian experts have produced a strategic gas product called pentane, which has a wide range of applications in petrochemical industries, Sirri natural gas liquids refinery's deputy manager said…
Three international vessels will be heading to Europe "within the next 24 hours" after loading 4 million barrels of oil at Iran's terminals, managing director of the National Iranian Oil Company…
Kuwait Petroleum International said on Saturday oil prices could reach a range of $50-60 a barrel by mid-2017, the official Kuwait news agency reported. The agency quoted the company's top…
The head of Russia's state-run oil company Rosneft said he expected Iran to ramp up oil production to between 5 million and 6 million bpd by 2025 from 3 million now, as the country opens up after…
Oil prices jumped on Friday on prospects of a coordinated production cut sparked by comments from the energy minister of OPEC member UAE.
Still, analysts said such a move remained unlikely…
An Energy Ministry advisor said despite the fact that Iran’s water reservoirs have declined by 20% in the past two decades, the government has not granted a permit for the construction of a large…
Renovating old oil wells and injecting water into hydrocarbon reservoirs are among the most likely strategies to increase oil output from joint fields in the Persian Gulf, Iranian Offshore Oil…
Iran, Russia and Azerbaijan are working on the issue of establishing the North-South Energy Corridor linking the three countries, Azerbaijan's Energy Minister Natig Aliyev said in a statement. The…
Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source,…
Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted.
Iran is planning to boost crude processing capacity to 3.2 million barrels a day by 2021.
Speaking in a news conference on Tuesday, Oil Minister Bijan Namdar Zanganeh also called for a…
The first gas sweetening unit of phases 20 and 21 of South Pars Gas Field, which will receive gas from phases 6-8, will start production by mid-March, director of the phases said.
Alireza…
The world will store unwanted oil for most of 2016 as declines in US output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy…
In line with the Iranian Energy Ministry's plan, South Korea's electricity giant Electric Power Corporation (KEPCO) and Iran Power Generation, Distribution and Transmission Company (Tavanir) can…
The world’s largest independent oil trader said it is "business as usual" with Iran, as Vitol Group BV confirmed buying oil from the country after the end of economic sanctions.
Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices.
A plan is gaining traction at the National Iranian Oil Company to start remediation and dumping of oily sludge, a polluting waste produced from crude oil.
