Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar gas deal with…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The Turkish Stream gas pipeline project will be implemented on time, regardless of the new US law that expands sanctions against Moscow, Russian Energy Minister Alexander Novak said on Friday.…
The expansion of wind and solar energy and the resulting avoided emissions from fossil fuels helped prevent up to 12,700 premature deaths in the US from 2007 to 2015, according a new study in…
The market for physical barrels of crude from places as far apart as Oman and Colombia is strengthening beyond the traditional seasonal peak in demand, a positive indicator for global benchmark…
Royal Dutch Shell has lifted a cargo of 600,000 barrels of crude oil from Libya's Zueitina Port, its first from the war-torn North African country in five years, two industry sources told…
Moscow and Tehran may soon agree upon conditions for the sale of 100,000 barrels of oil per day, according to the Russian energy minister.
Iran can start deliveries to Russia under the "…
Iranian petrochemical exports exceeded 7 million tons in the first four months of the current fiscal year (March 21-July 22), generating $3.5 billion.
The country exported 7.188 million…
Four crude oil cargoes from South Pars Gas Field’s oil layer have recently been shipped to East Asian countries, the traditional market of Iranian crude.
The shipments to East Asia are…
The Persian Gulf Star Refinery in Hormozgan Province has no problem selling its quality products to domestic and international markets, chief executive officer of the Persian Gulf Star Oil…
Hardwiring the culture of judicious electricity consumption in domestic consumers can help the country make up for part of its electricity shortages in the hot season, a deputy manager at Iran…
GE has announced that it has entered into an agreement with the Powering Australian Renewables Fund to both supply and install 123 wind turbines for what is set to be Australia's largest wind…
The National Iranian Drilling Company has completed drilling operations at 40 onshore wells in the giant South Azadegan Oilfield in Khuzestan Province, the company's deputy director said.
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The chief executive officer of Indonesia's state-owned oil and gas company, Pertamina, is confident that the company can explore two oilfields in Iran: Mansouri and Abteymour.
Citibank's commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall…
A fire that broke out on Thursday at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, has been put out with no reported casualties, state media…
The construction of the 6th Iran Gas Trunkline (IGAT-6)–a major component of the national gas grid–will be completed by the end of the year, a top gas official said.
Iran is ready to ramp up oil swap capacity after receiving the first batch of crude oil from the Caspian Sea in seven years for swapping through the Persian Gulf, the director of Iranian Oil…
When OPEC and Russia first embarked on clearing a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.
Oil prices edged up on Wednesday, lifted by declining US crude inventories, although markets were still restrained by general oversupply.
Brent crude futures were at $51.14 per barrel,…
OPEC member Iraq has formed a joint venture with a shipping company owned by Arab states to transfer, store and trade crude and oil products, according to official documents and industry sources…
A technology licensing agreement with French company Air Liquide marks an important turn in Iran's petrochemical sector after years of stalemate, the managing director of National Petrochemical…
The Energy Ministry has privatized over 50% of power plants in the last few years and Iranian Privatization Organization is assessing the value of other power stations, Energy Minister Hamid…
National Iranian South Oil Company aims to increase the recovery rate of its oilfields by as much as 20%, the company's chief executive officer says.
China's energy demand will peak by 2040, a decade later than the previous forecast of 2035, as transportation fuel consumption continues to rise through the middle of this century, state-owned…
While Crown Prince Mohammed bin Salman is pushing Saudi Aramco to add value to $2 trillion to prepare for its IPO next year, a Washington-based research group has revealed that policies to…
