Oil production from the Organization of Petroleum Exporting Countries totaled 31.2 million barrels per day in September, down 60,000 bpd from August as Saudi Arabia further reined in supply,…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A photovoltaic power station will be built by German contractors in the city of Ahvaz in southern Khuzestan Province, in the first major economic agreement to develop the infrastructure for…
Oil prices will not rebound to $100 a barrel before 2020, when US shale production will gradually start to decline, according to a former head of the International Energy Agency.
The strategic project of overhauling underground pipelines at Kharg Oil Terminal in the Persian Gulf has been completed and Iran's largest oil terminal is fully geared for the lifting of sanctions…
Iran must refrain from idealism in negotiations over new oil contracts, said a senior legal consultant at the National Iranian Oil Company.
"While negotiating oil contracts in the post-…
Iran exports around 30 million cubic meters of natural gas per day, but plans to raise the amount to 200 mcm/d in the near future, deputy oil minister for planning and supervision said.
Iran is ready to initiate crude exports to Indonesia, director of foreign affairs at Iran's Oil Ministry said.
Speaking on the sidelines of a two-day trip of an Indonesian trade delegation…
E.ON is selling its Norwegian oil and gas assets to Russian billionaire Mikhail Fridman in a deal worth $1.6 billion, as Germany's biggest utility continues to shed assets under a restructuring…
The construction of a styrene-butadiene rubber (SBR) production plant, an important petrochemical byproduct used in tire production, goes underway in Pars Special Economic Energy Zone in the…
Saudi Arabia's decision to flood world markets with oil is a mistake that the kingdom has repeated several times in the past four decades, Nigeria's former central bank governor said in an…
The country needs $2 billion to expand the natural gas network to cover industrial units nationwide, said a top advisor to oil minister.
"About $885 million of the required amount have been…
Iran will need to import about 20% more gasoline to meet demand in the first year after economic sanctions are lifted, creating a market for some $1 billion in fuel sales, according to traders and…
Ramping up extraction from joint oil and gas fields is a top priority of the Oil Ministry, an official at the Research Institute of Petroleum Industry said on the sidelines of the Second National…
Iran's new oil contracts, which will be presented in a November conference in the capital Tehran, will facilitate private sector investment in the country's lucrative oil and gas projects, the…
A global oil supply glut will persist through 2016 as demand growth slows from a five-year high and key OPEC members maintain near-record output, the International Energy Agency said, even as low…
Iran has boosted fuel oil exports through the UAE and also almost doubled its imports of gasoline, although western sanctions are still in place, trading sources said.
Oil prices tumbled on Monday, as traders took profits after last week’s surge to an 11-week high and on a report that OPEC continued to boost crude production despite a persistent glut.
Kuwait’s oil minister said his country still plans to produce 4 million barrels of oil a day by 2020, even as global crude prices have slumped.
Ali al-Omair made the comments Monday at an…
Russia and China are considering the possibility of entering into a joint venture for the construction of power units for nuclear power stations, or NPPs, in third countries, Russian Deputy…
Oil and trade deals worth tens of billions of dollars will be signed with foreign companies over the next two years after western sanctions are lifted, but there are few professional Iranian law…
The added value generated by South Pars Gas Complex has increased by $3 billion in the first six months of the current Iranian year (started March 21, the director of the complex announced.
Mitsubishi has expressed interest in making investment in Iran's petrochemical industry to secure a place in the emerging market.
This was announced by Mitsubishi Chemical Holdings…
Iran needs investments to develop the infrastructure for exporting its gas to Europe, said former US assistant secretary for South Caucasus, ex-ambassador to Azerbaijan and director of the…
Russia's state-run gas company Gazprom resumed supplies to Ukraine on Monday, in a development that will help the country meet its energy needs through the harsh winter months.
Gazprom CEO…
OPEC is confident that the oil market will be "more balanced" next year as non-OPEC production has contracted and global demand is increasing, the organization's secretary-general, Abdullah el-…
