The Energy Ministry endorses foreign investors' plans aimed at reducing electricity wastage in the country, deputy energy minister said on Thursday.
Houshang Falahatian made the statement…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
With Iran poised to resume usual business ties with the world under a historic nuclear deal, Tehran is set to target India, Asia's fastest-growing major oil market, and old partners in Europe with…
German investors will construct one of the world's biggest solar power plants in the central province of Isfahan, a representative of the German company said on Thursday.
The first developmental well of Sohrab Oilfield has been drilled and is ready for exploitation, director for drilling projects in Sohrab and Darkhovein oilfields said. Hailed as "one of the…
Oil prices fell on Wednesday after a rise in weekly US crude inventories fed into bearish sentiment about the deepening global supply glut that has brought oil prices close to 12-year lows.
OPEC members are unlikely to convene an emergency meeting ahead of the group's scheduled summit in June, Oil Minister Bijan Namdar Zanganeh said, as his Emirati counterpart supported Iran's return…
China will not let fuel prices fall in line with crude below $40 a barrel, as the world’s second-biggest oil consumer seeks to curb pollution and shield domestic producers from the oil price…
Kuwait has decided to permanently shut its heavy oil cracking unit at its Shuaiba refinery that has been shut since a fire at the unit in August, a spokesman for the state refiner said on…
The National Iranian Tanker Company is prepared to deliver petroleum products to European countries, as Iran is only days away from the removal of sanctions.
Iran's energy sector in post-sanctions era will have a high investment capacity, an Italian member of the World Energy Council said on Monday.
Jozpeh Preziuso made the statement on the…
OPEC will soon make efforts to convene before the next scheduled meeting in June, as the slump in oil prices is hurting producers, including the world’s biggest exporter, Saudi Arabia, said…
British oil and gas company BP announced plans on Tuesday to slash 5% of its global workforce in the face of a continued slump in oil prices.
It said it aims to reduce its global oil…
Modification and reconstruction of water and wastewater networks need $270 million annually, a senior official at the National Water and Wastewater Engineering Company (Abfa) said.
Iran will turn into a key player in the global oil market in the near future, the acting oil minister said while outlining energy policies in Iran's post-sanctions period.
Seyyed Kazem…
Investors from Japan, Spain, India and South Korea have contacted the National Iranian Oil Refining & Distribution Company and asked for detailed information about oil projects in Iran, yet…
More than $100 billion in Saudi renewable energy projects will help meet its skyrocketing energy demand and diversify its energy sector, industrial experts said ahead of the upcoming World Future…
A rapid appreciation of the US dollar may send Brent oil to as low as $20 a barrel, according to American financial services company Morgan Stanley.
Oil is particularly leveraged to the…
A Slovenia oil and gas company has opened its office in Iran for the first time, deputy oil minister for international affairs said on Monday.
“Slovenia seeks to import petrochemical…
Iran has exported 1.25 billion liters of diesel to Afghanistan, Iraq, Pakistan and Armenia through its land borders since the beginning of the current Iranian year (ending March 19, 2016),…
Phases 15 and 16 of South Pars Gas Field in the Persian Gulf were officially inaugurated on Monday in a ceremony attended by President Hassan Rouhani, Oil Minister Bijan Namdar Zanganeh and high-…
Bahrain has approved raising domestic gasoline prices, part of the government's efforts to boost revenues hit by slumping oil prices. This was announced by the country's Cabinet in a statement…
President Hassan Rouhani on Monday will officially inaugurate phases 15 and 16 of South Pars Gas Field in the Persian Gulf region.
Pain is quickly growing more acute in the New Year at beleaguered US shale companies as a global supply glut sinks crude further to 11-year lows, putting added financial stress on the most heavily…
Excessively high production capacity of mazut in Iranian refineries has substantially reduced their profit margin, managing director of the National Iranian Oil Refining and Distribution Company…
Iran's energy consumption is even higher than China's, whose population is more than a billion, secretary-general of the Gas Exporting Countries Forum said.
"Uncontrolled consumption of…
