Iran is in talks with Mitsui & Co. Ltd. and Total SA as part of its plans to attract $60 billion in foreign investment to more than double the capacity to produce petrochemicals in a…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Tabriz Refinery will start production of diesel compatible with the Euro-5 emission standard as soon as the desulfurization unit of the plant becomes operational, head of the refinery said.
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Iran can see a substantial rise in power production from wind by 2021, said the chief executive of the European Wind Energy Association who was in Tehran this week for a conference on renewables…
Russian Energy Minister Alexander Novak said in a statement he has ruled out possible coordination with OPEC on oil output after a failed attempt to jointly maintain production levels earlier this…
China's crude imports from Iran rose 16.1% in June over a year earlier to 780,175 barrels per day, up from 671,176 barrels in May. Imports for the January-June period also gained 2.5%.
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Halliburton Co., weighed down by the drilling slump in North America, sees the market turning around in the second half of the year.
The world’s largest provider of hydraulic-fracturing…
Barclays expects oil prices to reach $85 per barrel by 2019, a year sooner than it previously forecast, the British multinational and financial services company said in a report.
Few…
France’s IFP Energies Nouvelles has expressed interest in collaborating with Iran’s Research Institute of Petroleum Industry, the Oil Ministry’s scientific arm, in state-of-the-art oil recovery…
Lloyd’s Register held an exclusive one-day event in Tehran last week to share knowledge and experience with Iranian companies to optimize their oil and gas operations through enhanced oil recovery…
Iran will strongly support domestic and foreign investments in its power industry, Energy Minister Hamid Chitchian said, as the country pushes for raising the share of renewable energy and add…
The National Iranian Oil Company and South Korea's Daelim Industrial Co. have signed a memorandum of understanding, worth $4 billion, on upgrading the Isfahan Oil Refinery.
Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company announced at a press conference on Wednesday. The contracts, with firms including…
The pace of North Sea oilfield shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit.
Arab countries exported $50.4 billion worth of crude oil in the first quarter of 2016, according to data reported by local Arab media. This is $24 billion less than the value of crude exports by…
A privately-owned Iranian company is planning to introduce a cutting-edge wind power generation system that could mark a turning point in the country's renewable energy sector.
Watt-Wind…
A plan to export natural gas to Georgia will be finalized by the end of summer, a senior gas official said on Tuesday, stressing that the Caucasian states are among big potential customers for the…
Plans are underway to revamp and expand crude refining infrastructure in Abadan and Isfahan in cooperation with foreign contractors, head of the National Iranian Oil Engineering and Construction…
The value of Iran's petrochemical output will increase by $5.1 billion by the end of the current Iranian year that ends in March 2017, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
He…
The Mangalore Refineries and Petrochemicals Ltd., which owed $2.56 billion to Iran since 2013 over import of crude oil, has so far paid $1.4 billion of its debt, The Hindu reported. H. Kumar…
ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gas field, winning the support of its target and topping an offer from…
Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in…
Oil producers are not betting on the recent price rally. In contrast, after surviving two years of low prices, they are gearing up for a third by buying protection against a renewed downturn.
India will double the target for energy to be generated from solar parks by 2020, a top government official said, as roof-top installations progress slower than anticipated and US company…
An Iranian crude cargo loaded by trading house Trafigura is set to arrive in east China this week, heating up the race among oil suppliers to meet the rise in demand for imports from China's…
Iran will start vetting foreign contractors for participation in its new oil and gas tenders within two weeks, Ali Kardor, head of the National Iranian Oil Company said Monday.
"The NIOC…
