Solar energy could be the top source of electricity by 2050, aided by plummeting costs of the equipment to generate it, a report from the International Energy Agency (IEA) said on Monday.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
French firm Total is working behind the scenes to take the lead on an ambitious pipeline connecting Central and South Asia, pioneering a novel gas exchange mechanism to overcome legal hurdles.…
Russia will continue with its $22 billion nuclear energy investment in Turkey, and both countries will strengthen economic cooperation despite their differences in outlook regarding regional…
Following the halt of gasoline production in several refineries, the production and export of petrochemicals increased by 5 percent in the March-September period in Iran, said the coordination and…
Turkey will hike electricity and natural gas prices by 9 percent from October, Energy Minister Taner Yildiz said on Tuesday, blaming a weaker lira currency for the price hikes in the heavily…
The Oil Minister Bijan Namdar Zanganeh is promoting domestic oil production as well as increased transparency in contracts, said deputy oil minister for engineering affairs.
The volume of gas imports from Turkmenistan will increase over the next few weeks according to a long-term deal between the two countries, said the managing director of the National Iranian Gas…
Asian buyers imported less than 1 million barrels per day of Iranian crude for the first time this year in August as China's buys hit the lowest since the easing of Western sanctions, although…
Russia is ready to respond should its Ukrainian or European Union partners renege on trilateral energy agreements, a Kremlin spokesman said, the Oil and Gas Daily reported.
Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region.
Saudi Aramco, the kingdom's state…
Russia and Turkey agreed to increase the flow of gas through the Blue Stream pipeline from 16bcm to 19 annually, according to a Gazprom statement published Wednesday. “An agreement was…
Gulf Keystone Petroleum Ltd. (GKP) returned all key foreign staff to Iraqi Kurdistan and will increase output after US air strikes eased the militant threat that prompted a mass evacuation of…
The operator of Japan's tsunami-battered Fukushima nuclear plant announced it had agreed to share knowledge and experience on decommissioning damaged reactors with Britain's Sellafield.
Subsidies in Persian Gulf states that keep gasoline prices as low as 45 cents a gallon are proving difficult to dismantle amid growing regional turmoil.
Organization of the Petroleum Exporting Countries (OPEC)’s oil supply jumped to its highest in almost two years in September, a Reuters survey found, due to further recovery in Libya and higher…
A Norwegian company has expressed readiness to participate in Iran’s oil and gas projects, said Hossein Noghrekar Shirazi, secretary general of Iran Chamber of Commerce, Industries, Mines and…
India’s federal government signed an agreement with state-run agencies to build the nation’s first offshore wind power project off the coast of Gujarat, Prime Minister Narendra Modi’s home…
Iran now has access to new technology to produce specific crude oils in line with customers' orders.
The technology allows for production of a special crude that combines light and heavy…
Ukraine’s state energy company, Naftogaz, has failed to pay a maturing $1.6 billion debt, raising risks of a default on the country’s sovereign Eurobonds and sending debt insurance costs to seven-…
Russia’s central bank will assume an oil price of $60 per barrel in its worst-case scenario for monetary policy, Interfax news agency quoted the bank’s First Deputy Governor Ksenia Yudayeva as…
Oil Minister Bijan Namdar Zanganeh appointed Mohammad Reza Moghadam as the director of a new committee to pursue the production of 10 categories of major oil industry needs and equipment, IRNA…
In a strategic move, the Pakistani government has decided to construct a liquefied natural gas (LNG) terminal at Gwadar that is likely to be financed by China and a dual-purpose pipeline to cater…
A piece of manufacturing machinery for oil and gas extraction was inaugurated on Kish Island, in southern Iran, in order to replace the US equipment previously used. The plant known as Kish Well…
BP awarded two drilling contracts worth $730m for the development of its Oman's Khazzan tight gas project, TradeArabia quoted the company as saying on Thursday. The Khazzan project aims to extract…
One hundred thousand barrels of crude oil will be offered in the energy bourse in October for export, said the National Iranian Oil Company (NIOC) director of international affairs Seyed Mohsen…
