The government has increased rich gas production in South Pars Gas Field from 235.5 million cubic meters a day in 2013, the year President Hassan Rouhani took office, to 404.6 mcm/d by the end of…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iran's oil exports to Japan have experienced a substantial rise since the beginning of the current Iranian year (started March 20), as Japanese refining complexes exceed their import quotas.…
The quality of premium gasoline in eight major Iranian cities has increased by 7%, deputy for supervision at the Iranian National Standards Organization said.
The oil and gas industry will cut $1 trillion from planned spending on exploration and development because of the slump in prices, leading to slower growth in production, according to consultant…
The wind and solar industries are set to attract substantially higher investment than fossil fuels over the next several decades, according to a new assessment from Bloomberg New Energy Finance.…
The first phase of Bid Boland-2 Gas Refinery, in Khuzestan Province, is expected to go on stream in two years, managing director of Persian Gulf Petrochemical Industries Company said on Wednesday…
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 billion, a spokesman for the…
South Korea's imports of Iranian crude oil jumped around 130% in May from the same month a year ago, extending gains after international sanctions were lifted in January on Iran's nuclear program…
Iran is planning to raise production from five oilfields it shares with western neighbor Iraq in the current Iranian year that ends on March 20, 2017, the chief executive of Petroleum Engineering…
The Iranian National Oil Company is not ready to provide the Hungarian multinational oil and gas company MOL with light crude.
Mohsen Qamsari, director of international affairs at the…
Indonesia is taking its first 44,000-million-ton LPG cargo from Iran in August under a one-year renewable contract signed recently, based on which state-run Pertamina will take a monthly cargo, a…
The Sultanate of Oman has entered into serious negotiations with the UAE to obtain the much-needed licenses to be able to pass its gas pipeline through the emirates' territorial waters…
The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging economies, but this equilibrium will tilt into surplus again early next year, the…
Iran is producing more than 3.8 million barrels of crude oil per day as exports have doubled since President Hassan Rouhani became president in 2013, Oil Minister Bijan Namdar Zanganeh said.
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Oil prices could surge above $85 a barrel by the end of this year, according to analysis by Michael Rothman, considered to be one of the most astute oil experts on Wall Street. Rothman heads the…
Tehran Province can potentially produce up to 2,400 megawatts of electricity annually by collecting methane gas emissions from landfills, Tehran Department of Environment’s technical deputy head…
Most restrictions on providing insurance coverage for shipments of Iranian petrochemical products have been lifted and a number of European banks have resumed dealings with Iran in the…
Oil production expanded mainly in Kuwait, Iran and Saudi Arabia and declined in Nigeria, Venezuela and Iraq.
According to the OPEC experts, oil demand will rise in 2016…
China’s crude production dropped by the most in 15 years in another sign that OPEC’s strategy of flooding markets to drive out higher-cost suppliers is relatively working in the world’s biggest…
Plans have been made to increase the country's oil refining capacity to 1.85 million barrels per day by completing development initiatives by the end of the current Iranian year (started March 20…
A petrochemical unit of French oil and gas company Total has been found guilty and fined €200,000 ($225,100) on Monday by a French court for a 2009 blast at its Carling plant that killed two and…
Germany’s BASF, the world’s biggest producer of chemicals, has opened its Tehran representative office, Jam Petrochemical Company’s commercial director announced on Monday.
Iran’s Kharg Oil Terminal in the Persian Gulf is operating at full steam to expedite the country’s return to the global oil market.
Ali Shahmoradi, director of National Iranian Tanker…
The crude production of National Iranian South Oil Company, the country’s largest oil production company, has reached its pre-sanctions level, NISOC’s managing director said on Monday.
Switzerland's Welding Engineers Ltd, a Swiss engineering and manufacturing company, signed an agreement last week to develop Sadaf Petrochemical Asaluyeh Company's production line.
