Iran is targeting an investment of $185 billion in its upstream, midstream and downstream oil sectors over the next five years, deputy oil minister for international affairs announced on Sunday…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iranian manufacturers of oil industry equipment are ready to help swiftly rebuild Bouali Petrochemical Complex that was hit by a massive blaze last week, the head of the Society of Iranian…
Russia’s revenues from the export of oil products plummeted 48.3% year-on-year in January-May 2016 to $16.8 billion, according to the Russian Federal Customs Service report published on Friday.
Iran's Bouali Sina Petrochemical Complex will resume operations within three to four weeks after a massive blaze at the complex was contained early Saturday.
The number of rigs targeting oil outside North America fell by 36% to 677 in the two years to June 2016, continuing to slide after a brief uptick in May, data from service company Baker Hughes…
Venezuela's falling crude output and financial woes have left it struggling to maintain a 15-year-old oil assistance program to its closest ally, Cuba.
State-run oil firm PDVSA has slashed…
China has discovered a large natural gas field in Guizhou Province in the southwest part of the country.
According to the country’s Ministry of Land and Resources’ China Geological Survey,…
Oil revenues should be invested in the critical science and petrochemical sectors, an MP from Abadan and a member of Majlis Energy Commission said on Saturday.
Iran is hoping to join an international project in southern France that hopes to build the first machine to generate significant amounts of energy using nuclear fusion, which is considered a…
US President Barack Obama and Poland's Andrzej Duda agreed on Friday that the Nord Stream 2 gas pipeline project was not a good idea, the Polish leader’s spokesman said. Obama and Duda met for…
Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs…
Plans have been devised to launch six new wastewater treatment facilities in Tehran Province by January 2017, said the CEO of Tehran's Water and Wastewater Company.
"New wastewater units…
The development of each new phase in South Pars Gas Field will increase the daily extraction of natural gas by as much as 28.3 million cubic meters per day, managing director of Pars Oil and Gas…
Trading house Trafigura has loaded its first major cargo of Iranian crude oil for delivery to Asia, industry sources and ship tracking showed.
The Dutch firm loaded the crude onto the…
Firefighters were racing against time on Friday to stop a fire that broke at a major Iranian petrochemical complex on Wednesday.
Pertamina CEO Dwi Soetjipto is planning to fly to Iran to discuss cooperation in the oil and gas sector.
"I will sign a [memorandum of understanding] with Iranian national company,"…
Indian energy giant ONGC expects to sign a deal with the Russian oil producer Rosneft by September to expand its share in the joint enterprise Vankorneft by 11%, the company's managing director,…
Russian crude exports are on track to set a record this year, which is intensifying competition in Europe as Iran boosts shipments to the region.
Exports rose 4.9% to 5.55 million barrels a…
Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading toward balance, although signs of slowing demand in Asia became evident.
An unnamed Spanish-German investment company has expressed readiness to build 50 megawatts of solar power plants in Bakhtar Region, namely Markazi, Lorestan and Hamedan provinces, the region’s…
Iran will be flexible in working with foreign companies over developing its multibillion dollar oil and gas projects, the head of state-owned National Iranian Oil Company said on Monday.
"…
To optimize consumption of water resources, Iran needs state-of-the-art technologies in water management, an official at the Vice Presidency for Science and Technology said.
“As Iran is…
Gas condensates production from South Pars Gas Complex's Phase 12 has increased by 6.2 million barrels in the first three months of the current Iranian year (started March 20), director of the Gas…
Kuwait plans to raise as much as $9.9 billion from international debt markets to help plug its budget deficit as lower oil price squeezes public finances.
“The OPEC member also plans to…
Iran’s electricity consumption reached a new peak of 51,025 megawatts on Saturday, the highest since keeping records started nearly a century ago.
The new record comes as high temperatures…
