A joint effort by Iranian, Russian and Turkish companies can lead to producing more than 100,000 barrels of crude oil and over 80 million cubic meters of natural gas per day from Iranian fields…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Industrial Development and Renovation Organization of Iran is testing the waters to set up a plant for manufacturing photovoltaic plants in Iran.
IDRO is currently carrying…
Iran's oil industry will experience a big leap in the next two years, as international energy majors have shown great enthusiasm in playing a role in the country's oil and gas ventures, the…
An unnamed German company has preordered a batch of methanol to be produced in Marjan Petrochemical Complex in Pars Special Economic Energy Zone near Asalouyeh, managing director of…
A decision on whether to extend a global oil output agreement between OPEC and non-OPEC producers will be taken in November, Iraqi Oil Minister Jabar al-Luaibi said on Friday. Should the OPEC-…
Iran has completed the construction of nearly 100 kilometers of pipeline to transport natural gas from an offshore platform in the South Pars Gas Field in the Persian Gulf to onshore facilities…
Imports of Iranian crude by major buyers in Asia rose in July from a 14-month low in the previous month, as purchases from South Korea surged by nearly 30% and those from China held steady,…
Work on constructing a 10-megawatt solar power plant in Qeshm Island started on Wednesday in what would be the first photovoltaic power station on the Persian Gulf island.
Transfer of technology is an indispensable part of Iran Petroleum Contract, the new model of oil contracts for developing Iran's oil and gas fields, as the country needs cutting-edge know-how…
The International Energy Agency still sees no need for a coordinated international release of oil stocks after Hurricane Harvey disrupted a large chunk of US refining and some production…
Output from the Organization of Petroleum Exporting Countries fell by 170,000 barrels per day in August, down from a yearlong high in July, according to feedback from a Reuters survey, which now…
Crude futures fell on Friday, partly reversing sharp gains from the previous session, amid ongoing turmoil in the oil industry following Hurricane Harvey with nearly a quarter of US refining…
China will pay farmers to turn animal droppings into fertilizer and power, the country's Ministry of Agriculture said on Wednesday, as Beijing cracks down on agricultural pollution that has for…
Hurricane Harvey has dealt a powerful blow to oil production in Texas and the Gulf of Mexico. Normally, that would spark fears of a supply crunch and lift the price of oil. Yet the opposite is…
Japan has sold 2.08 million barrels of Khafji crude from the government’s Strategic Petroleum Reserves amid a shift by the nation’s refiners to process lighter grades, a trade ministry official…
An estimated 3,500 megawatts in new electricity production capacity will be added to the national power grid by the summer of next year, deputy energy minister for planning said on Wednesday.
Production of natural gas from South Pars field in the Persian Gulf in the first five months of the fiscal year (March 21-Aug. 22) reached 68 billion cubic meters, the managing director of South…
The construction of a major petrochemical complex in western Ilam Province commenced on Wednesday.
Dehloran Petrochemical Complex, near the border with Iraq and 230 kilometers south of…
To improve health and environmental standards at Tehran Oil Refinery, a nitrogen production unit has come on stream in the complex, director of Engineering and Planning Department at Tehran Oil…
Oil producers in Russia and Saudi Arabia are pushing to extend the Organization of Petroleum Exporting Countries’ production cuts until June of next year.
The deal, which lowers the bloc…
The first oil cargo shipped from Turkmenistan to the port of Neka in northern Iran for swap through the Persian Gulf was transferred to Tehran refinery via the 32-inch Sari-Ray pipeline, the…
Crude prices plummeted on Tuesday as the market grappled with the shutdown of some 13% of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil…
Russia’s oil producer Gazprom Neft presented the result of its technical surveys on two Iranian oilfields, namely Changuleh and Cheshmeh Khosh, in the western Ilam Province in a meeting with…
Iran's oil minister said on Monday the country's crude oil output is notably below the levels it should be, but acknowledged that OPEC-led efforts to cut supplies and ease a persistent…
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million with Royal Dutch Shell and the US-based…
