Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, reported a 13.2% drop in first-quarter net profit on Monday, extending a profit slump but beating analysts'…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil Minister Bijan Namdar Zanganeh said on Monday a plan to freeze oil production, which fell through in a meeting between OPEC and non-OPEC producers in Doha, Qatar, on Sunday, is tantamount to…
Foreign liquefied natural gas carriers have started to berth in southern ports and terminals to load the liquefied gas in petrochemical complexes in Asalouyeh, Bushehr Province. …
Iran and South Korea are poised to sign three memoranda of understanding in the energy sector during the upcoming visit of South Korean President Park Geun-hye to Tehran next month, an official at…
Norwegian oil and gas services company Aker Solutions is expected to sign a memorandum of understanding with Iran on the construction of deepwater oil platforms, the executive director of Iranian…
Saudi Arabia has thrown into doubt an agreement to freeze output with some of the world’s biggest crude producers, demanding Iran’s participation in what would be the first global oil…
The final round of negotiations to sign an agreement worth $6.8 billion with Germany's BASF for building a petrochemical complex in Iran will be held soon.
Italian energy company Carlo Maresca will participate in the construction of a 50-megawatt solar power plant in the Persian Gulf’s Iranian island Qeshm.
Iran and the European Union have agreed to establish a workgroup to expand cooperation over a wide range of energy and environmental issues, Energy Minister Hamid Chitchian said after meeting with…
More than 7,000 oil workers in Kuwait have begun an open-ended strike to protest government plans to cut wages and benefits. “The overall number of workers exceeds 13,000, and here we have 7,000 […
French major Total, which is in advanced negotiations to build a major petrochemical complex in Iran, should meet two prerequisites to operate in the country's energy sector, the head of National…
Iran's petrochemical exports to African states, including Algeria, will experience a rise based its three strategic plans.
The government of President Hassan Rouhani has no plans to raise gasoline prices in the current Iranian year that started March 20, the government spokesperson said in a statement on Saturday.
Concurrent with the decline in oil prices, Iran’s revenues from petrochemical export also reduced by $2.5-3 billion a year, an official in the petrochemical industry said on Saturday.
If there's one country that needs to pump more oil, it's Iran. And if there's one nation that needs to buy more crude, it's India. It is a match made in heaven.
Iran has been upping its oil…
A senior oil official on Saturday said Iran is now pumping more than 3.5 million barrels of oil per day, meaning it is now some half a million barrels away from its highest crude output level seen…
Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdom’s deputy crown prince. “I don’t suggest that we should produce more, but we can…
Oil prices fell on Friday in thin trade as analysts said a weekend meeting of major oil exporters would do little to help clear global oversupply quickly even though it would provide a floor for…
A new round of negotiations has started with the representatives of Germany's major industrial players, including Linde Group and Siemens, in Tehran to provide Iran's unfinished petrochemical…
Iran and Mongolia are closing in on a deal to sell crude oil to Mongolia through its southern neighbor China, an official at the state-run National Iranian Oil Company said.
Iran will send Hossein Kazempour Ardebili, its representative in the Organization of Petroleum Exporting Countries, to a meeting between OPEC and non-OPEC producers in Doha, Qatar, on…
South Korea's imports of Iranian crude oil surged 81% in March from the same month of the previous year following the removal of sanctions targeting Tehran's nuclear program, customs data showed…
Iran may not have the most advanced technology in the power industry, but it boasts state-of-the-art knowhow of constructing gas-fueled power plants, Iran’s energy minister said this week.
Iran’s crude shipments have risen by more than 600,000 barrels per day this month, adding to the pressure facing producer nations, as they prepare to meet in Doha, Qatar, to discuss freezing…
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to rebalance before 2017, the International Energy Agency said…
