OPEC cut its forecast for world economic growth this year, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The National Iranian Oil Company and Zarubezhneft signed a nondisclosure agreement on Wednesday as part of a deal that will allow the Russian state-run oil company to conduct studies to develop…
The Energy Ministry and the UK Export Finance (UKEF) signed a memorandum of understanding on Tuesday to guarantee financing by the top UK export credit agency for energy projects carried out by…
Iran listed the prices of natural gas delivered to petrochemical complexes as feedstock for the first three months of the present Iranian year (March 20- June 20).
Oil production from the Middle East has climbed to a record while US output slumps, the International Energy Agency said, in a sign that OPEC’s strategy of defending market share is succeeding.
Iran's crude production capacity will reach 4 million barrels a day by September, matching its output levels last seen before the tightening of western sanctions in 2011, head of the National…
Iran’s new model of oil and gas contracts was approved by the Resistance Economy Headquarters on Tuesday after some amendments, a top government economic advisory body, Reuters reported, citing…
Crude futures on Tuesday bounced back from two-month lows, helped by a weaker dollar, but an oil inventory glut and a drop in bullish bets by investors weighed on prices. Brent crude was up $1.29…
Iran can contribute to the construction of a proposed natural gas pipeline that will connect Bulgaria to its southern neighbor Greece as the Eastern Europe nation looks to play a role in the…
Japanese refiner Idemitsu Kosan said it intends to persuade its founding family, the largest shareholder, to agree to go ahead with a planned merger with another major refiner Showa Shell,…
India will be forced to start importing oil products if it does not find a solution to a looming refining capacity shortage, the director for refineries of the India Oil Corporation said.
The first gas unit of Gol Gohar Combined-Cycle Power Plant, aka Shahid Ahmad Kazemi Power Plant, in the city of Sirjan in Kerman Province has come on stream, with the second unit to become…
A high-ranking energy delegation headed by Energy Minister Hamid Chitchian arrived in London on Tuesday to explore areas for cooperation and investment in Iran's largely state-run energy…
The French institute IFP Energies Nouvelles and Iran's Research Institute of Petroleum Industry are due to sign an agreement this month that calls for technological cooperation in the key oil…
Not even a sharp decline in US oil production can convince investors that crude prices are ready to rebound.
Iran exported more than 13 million liters of diesel per day to international markets in the current Iranian fiscal year that started in March.
Iran has leased five oil tankers to foreign companies since sanctions against it were removed in January, said an official at the National Iranian Tanker Company.
"Measures have been taken…
Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National…
The first combined heat and power (CHP) plant in Ardabil Province is planned to go on stream in the city of Germi on July 27, the Energy Ministry’s executive advisor at Iran Power Generation,…
German engineering group Siemens on Sunday said it could not confirm or deny it had sealed a €500 million ($550 million) gas turbine deal with Saudi Arabia after German newspaper Handelsblatt's…
The recent oil selloff was sparked by growing concerns about global energy demand following a shallow reduction in American oil reserves, but the market appears ripe for a bounce back next week on…
Lithuania has shown interest in taking part in Iranian LNG projects, according to the deputy oil minister for international affairs and trading.
Following a meeting with Lithuania’s Deputy…
Saudi Arabia's energy minister said on Sunday the oil market was becoming more balanced and prices were stabilizing.
Khalid al-Falih also said Saudi Arabia, the world's biggest oil exporter…
The main refinery of South Pars Gas Field's Phase 1 has undergone an extensive overhaul, Mohammad Mehdi Hashemi, head of the refinery, said.
"The overhaul, which is expected to last a week…
By exporting more than 1.5 million tons of mazut between May 21 and June 21, Iran set a record in selling the commodity to international markets.
