Iran's former representative in the Organization of Petroleum Exporting Countries has called for an effective coordination between Iran and Russia to control oil policies.
Seyyed Mohammad…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
After months of negotiations and follow-up, the first deals with international petrochemical companies will be finalized by March 2016, managing director of the National Petrochemical Company said…
The Energy Ministry has proposed a $235 million credit in the 2016-17 budget to support electricity production from renewable energy resources.
Saudi Arabia, the world’s largest crude exporter, raised pricing for all February oil sales to Asia amid higher refining margins in the region. It kept levels unchanged for most grades sold…
Authorities in Iraq’s cash-strapped Kurdish region will withhold delivery of oil to the central government and export crude independently in 2016 to ensure revenue amid a global price slump,…
Oil prices edged up on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data…
The chief executive of Oil & Gas UK has welcomed the first increase in production on the UK continental shelf for over 15 years. Deirdre Michie, however, warned the industry will be "extremely…
The National Iranian Oil Company and Royal Dutch Shell plc reached a final agreement on how to settle the Anglo–Dutch multinational oil and gas company 's $2.3 billion…
Iran has renewed crude export contracts for 2016 with some of its oil customers, the National Iranian Oil Company's director for international affairs said in a statement on Monday.
Tehran and Tbilisi are negotiating a plan to start gas exports to Georgia, the managing director of National Iranian Gas Export Company said.
"Under the plan, Armenia is to receive Iranian…
Energy Minister Hamid Chitchian said the Economy Council, a governmental coordinating committee, has approved 41 water and electricity projects.
Oman's government has released a five-year plan to halve the economy's dependence on the oil industry, as low crude prices pressure government finances.
Iran has denied reports that Tehran is in talks with US energy firms for cooperation in the post-sanctions era.
Managing Director of the National Iranian Oil Company …
A deputy oil minister outlined Iran’s five prerequisites for delegating development plans in oil and gas fields to international companies in the post-sanctions period.
Iran is trying to regain its share of global crude sales and has no intention of harming the oil market with its planned increase in production once sanctions are lifted from its economy,…
Notwithstanding the drastic decline in oil prices, construction of refineries will not grind to a halt in Iran, managing director of the National Iranian Oil Refining and Distribution Company said…
The new contractual framework for partnership with international companies in Iran's post-sanctions oil and gas projects was debated in a televised interview Saturday night, roughly a month after…
Oil Ministry's top officials and representatives of Iranian universities and research institutes signed 12 memoranda of understanding on energy research and development.
Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, the country's petroleum minister, Tarek El Molla, said…
The slump in global oil prices could hit bottom in early 2016, although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.
"A low…
Russia’s crude output set another post-Soviet record in December, a sign that the nation’s producers are withstanding the slump in oil prices, according to the country's energy ministry data.
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Venezuela's state oil company, PDVSA, has delayed the export of natural gas to Colombia because of climate factors, the Colombian Mines and Energy Ministry said on Friday.
In a letter to…
By employing 75 offshore and onshore rigs, the National Iranian Drilling Company has managed to drill over 268,000 meters in oil and gas wells nationwide, the NIDC's deputy for drilling operations…
Iran needs to increase its power plant capacity by 30,000 megawatts by 2021, managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir) said on Saturday.
A deputy energy minister said Iran is developing the infrastructure to accommodate the influx of electric cars in Iran in a matter of years.
"In the near future, the number of electricity-…
