A southeastern European company is said to be close to entering Iran's retail fuel market in a move that could dial down government monopoly on the distribution and sale of gasoline and other…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A delegation of Indonesia's state-owned oil and gas company Pertamina is scheduled to meet with representatives of the National Iranian Oil Company in Tehran to discuss technical issues…
Nebraska regulators will hear final arguments for and against TransCanada Corp’s proposed Keystone XL pipeline this week before deciding whether to approve its route later this year, the last…
Cutting the price of compressed natural gas for domestic consumers is imperative to reduce gasoline consumption and imports, despite the rise in fuel production in recent months, the head of…
In line with efforts to boost production from hydrocarbon reserves in Khuzestan Province, plans are in place to raise recovery factor from the oilfields in the region by a maximum of 20%,…
Britain's government launched a review on how best to reduce long-term energy bills for households and business on Sunday, prompted in part by concerns that high electricity costs could damage…
Clearing debts to Iranian contractors of Sangtoudeh 2 dam and power plant by Tajikistan can pave the way for further expansion of power cooperation with the neighboring state. Energy Minister…
Russian state oil producer Rosneft in April made a $1.015 billion advance payment to PDVSA, Venezuela’s state oil firm, under a crude oil purchase agreement with the company, Rosneft said in a…
The oil market is expected to see a downward correction this quarter, but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays.
The $5 billion gas deal reached with Total S.A. last month set a new tone for Iran's energy industry and the country is now poised to seal new oil and gas agreements worth three times the gas…
Oil explorers reduced rigs drilling in US oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen crude prices.
Oil investors seem to buy the idea that recovery is finally underway after three years of gluts, but a price boom seems unlikely as the options market shows that at least until OPEC's supply deal…
Saudi Aramco is negotiating a deal to buy a stake of more than 30% in a 260,000-bpd refinery in China owned by state firm PetroChina, in a transaction valued at up to $2 billion, Oil Price…
Tabriz Oil Refining Company signed a €1.6 billion ($1.88 billion) deal on Saturday with a consortium of South Korean and Iranian companies on financing and implementing a project to upgrade Tabriz…
The processing capacity of wastewater treatment plants in Iran has increased by more than a quarter in the last four years, Energy Minister Hamid Chitchian said on Friday.
New US sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped.
US President Donald Trump has reluctantly signed…
Domestic experts have indigenized a cutting-edge pump that will help significantly increase extraction rate from oil and gas fields, managing director of state-owned West Oil and Gas Production…
Oil declined for a second day on Monday on speculations that OPEC will fail to stabilize prices amid a global oversupply and concern over Chinese demand.
This came as Venezuelan President…
The Kurdistan Regional Government is refusing to ship oil to Iran because Baghdad refused to consult the semiautonomous regime regarding the export program, a report by Bloomberg said.
Both…
Tajikistan is ready to clear its $62 million debt for purchasing Iranian Sangtoudeh II power plant, the head of Tajikistan's Power Generation and Distribution Company said on Friday.
"…
Iran issued the much-needed investment license for a joint venture to build a wind farm in Arvand Free Trade Zone, which will be financed by the German company eab New Energy GmbH, managing…
Iran's oil exports to China may rise to the highest in 11 months in August, as demand for heavier Iranian crude increased after the country cut its prices, two sources with knowledge of the matter…
OPEC has delivered record-high adherence to its oil output-cutting pact so far in 2017, but with laggards Iraq and the UAE yet to show how they can meet their prescribed targets, sources say a…
In line with plans to make the best use of facilities and capacities, the Exploration Department of the National Iranian Oil Company and the Iranian Offshore Oil Company, one of the biggest…
The snag hindering the export of Iranian petrochemical products to Turkey has been tackled, returning the situation back to normal, the chairman of Iran Export Confederation said.
