A preliminary agreement to develop Siraf Refining Park, a major downstream project in the city of Siraf in the southern Bushehr Province, will be finalized by the end of the current fiscal year…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Two phases of South Pars Gas Field in the Persian Gulf will be overhauled later this month.
"The maintenance and overhaul of South Pars phases 2 and 3 will begin on August 20 and is…
Iran increased crude oil production last month along with most other OPEC producers as the 14-nation group continues efforts.
Plans are in place to bring the level of gas flaring in the giant South Pars Gas Field to zero and prevent up to 400 million cubic meters of associated petroleum gases from burning off annually…
The Petrochemical Research and Technology Company of Iran signed a memorandum of understanding this week with France's Air Liquide Engineering and Construction Company on transferring state-of-…
Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and low-risk…
State-owned oil and gas company Pertamina is awaiting a decision on the new Iranian Cabinet lineup in connection with its agreement to manage the country's Abteymour and Mansouri oilfields…
OPEC said Iraq, the UAE and Kazakhstan—who have lagged in their implementation of a deal to cut production—affirmed their commitment to the accord at a meeting in Abu Dhabi.
“All…
Governments spent $5.3 trillion to subsidize fossil fuels in 2015 and pay for their economic impacts, adding up to an eye-popping 6.5% of global gross domestic product, according to a study by…
More than 1.3 million tons of petroleum products have been exported to neighboring states through land borders over the last four years, deputy for exports and imports at the National Iranian…
Oil rose further above $52 a barrel on Wednesday ahead of a US inventory report expected to show crude stocks dropped for a sixth week, although gains were capped by doubts about compliance with…
The US Energy Information Administration continues to expect US production to rise over the next two years and cross the 10 million barrels per day threshold in November 2018. It sees output…
Domestic experts managed to recondition a gas turbine on an offshore oil platform in a technically complicated operation that precluded unwanted costs by $2.5 million.
Ghadir Investment Company, a major Iranian conglomerate, signed a trilateral memorandum of understanding on joint investments in oil and gas field development projects with Russia's state-owned…
Spain's Repsol SA has pulled all foreign workers from its oilfields in Venezuela amid a deepening political crisis, while Chevron and Total have removed a small number of employees, said people…
Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher output from other large producers, including the United States.
Benchmark Brent crude…
Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on…
Tabriz Refinery in East Azarbaijan Province plans to upgrade the quality of its diesel output to comply with the Euro-4 and Euro-5 emission standards by November, managing director of the…
Iran hopes the recent openings in economic and energy relations with foreign investors will put it on course to tap into its huge oil and gas reserves in the Caspian Sea, where the country has…
The 4th Gas Exporting Countries Forum Summit is scheduled to be held in Bolivia in central South America on November 20. According to IRNA, the summit will be an opportunity for the…
The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia's hold on the European market.
Tehran's milestone gas deal with French energy company Total has got the green light from all the necessary bodies and authorities, the rapporteur of Majlis Energy Commission said in a statement…
Germany should consider introducing binding quotas for electric cars for an automobile sector seeking to recover from a diesel emissions scandal and keep its place as a leading producer, deputy…
US refiners could face a continued squeeze on profit margins in the months ahead, as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced…
Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures were…
