OPEC said global oil production outside the group is falling more sharply than expected, as producers continue to retrench almost two years after crude prices started its sharp descent.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Russian Energy Minister Alexander Novak confirmed on Wednesday that he has held talks with Saudi Arabian Oil Minister Ali al-Naimi, but revealed no further details of the meeting.
The chief executive of France's Total said on Wednesday that the company's priority on getting back into Iran's energy sector was gas and petrochemicals. "Gas is our priority for us there, and…
Italy’s oil and gas giant Saipem has signed a memorandum of understanding with Iran in Tehran for developing Tous Gas Field in Khorasan Razavi Province.
According to IRNA, Stefano Cao,…
Wintershall Holding, Germany's largest crude oil and natural gas producer, is in talks with the National Iranian Oil Company to conduct technical surveys on four oilfields in western Iran, an NIOC…
Serious negotiations are underway with Royal Dutch Shell to resume selling crude to the Anglo-Dutch multinational oil and gas company and upon reaching an agreement, Iran will provide a part of…
Iran’s annual petrochemical output will be worth $40 billion by 2021, which marks the end of the sixth five-year development plan (2016-21), the oil minister announced on Wednesday.
“To…
Iran is selling three times more oil to India even as its rival oil-producing nations try to work out a deal to cap their collective crude production.
“They’ve outperformed what the market…
The National Water and Wastewater Engineering Company (Abfa) has exported engineering and technical services worth $700 million during the last three years.
Iran and Italy signed a memorandum of understanding to build a number of renewable power plants in Iran with a total power generation capacity of 500 megawatts, a deputy energy minister said on…
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, a weak US dollar and…
Kuwait Oil Company will soon offer contracts for offshore rigs and support services to drill its first undersea wells, as the Persian Gulf nation tries to boost crude output to the highest level…
The National Iranian Tanker Company is ready to expand cooperation with Panama to bolster its worldwide operations, NITC's chief executive director said.
"We are ready for cooperation with…
Majlis on Tuesday approved a bill that will see consumers pay up to double the amount they already pay for gasoline, if they exceed the ceiling on monthly consumption.
Clean energy growth rates will slow even as falling costs buoy renewable power technologies in the wake of last year’s climate accord committing 195 countries to reduce pollution, BMI Research…
The 10th International Exhibition of Plastics, Rubber, Machinery and Equipment (Iran Plast 2016) will help boost Iran's market share in the regional and global petrochemical markets, managing…
The price of natural gas as feedstock for petrochemical complexes will be 8.2 cents per cubic meter for the first half of the current Iranian year (started March 20).
A meeting of oil producers in Doha, Qatar, this month to discuss freezing crude production will do little to boost prices, and may even cause them to fall, Goldman Sachs Group Inc. said.
Italian Prime Minister Matteo Renzi will lead a high-profile economic and energy delegation during his two-day visit to the Iranian capital Tehran on Tuesday.
The 250-strong Italian…
Royal London Asset Management Ltd. will vote against a 20% pay increase for BP Plc’s chief executive officer, Bob Dudley, calling it “unreasonable and insensitive” at a time oil’s crash has driven…
Oil-producing countries must take measures to stabilize the global crude market to improve prices, Ecuador Foreign Minister Guillaume Long said on behalf of Latin American nations after a…
Brazil's Petroleo Brasileiro SA–aka Petrobras—said on Friday output dropped 5.2% in February to 2.65 million barrels of oil and equivalent natural gas a day from a year earlier, Reuters reported.…
Iran and Kazakhstan signed a $600 million deal on Sunday to build three power production units in the ex-Soviet country.
The agreement was signed between Iran Power & Water Equipment…
With the international energy bourse on Kish Island in the Persian Gulf becoming operational after years of idleness under the sanctions regime, it will become a benchmark for setting the price of…
Nationwide expansion of single platform gas stations, especially in major cities, will not only help tackle air pollution but also reduce traffic congestion, managing director of the National…
