Flooding during the past three weeks in the west and southwest of the country has not disrupted crude oil production in joint oilfields with Iraq, managing director of Petroleum Engineering and…
Energy
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest…
Iraq will continue to import gas and electricity from Iran until power plants and gas fields in the country become self-reliance, the Iraqi Minister of Electricity Louay al-Khateeb said at the…
Gasoline consumption between March 20 and April 5 -- marking the Norouz (Persian New Year) holiday season -- hit a new record at 1.85 billion liters, showing a 1.9% rise compared to the same…
The US is overwhelmingly likely to fail in its attempt to completely halt Iran's oil exports, analysts told CNBC, with President Donald Trump eager to avoid rising gasoline prices ahead of…
The oil market has all but forgotten last year’s price crash. Money managers have not been this optimistic about US oil prices since early October, just before the crude market began a steep…
Oil Minister Bijan Namdar Zanganeh said on Saturday negotiations are underway with an Indian consortium led by ONGC Videsh Ltd, the foreign investment arm of India’s Oil and Natural Gas Corp. to…
A proposal by the Energy Ministry to raise water and electricity tariffs by 7% was ratified by the Cabinet. The new rates will go into effect on April 21, Barq News reported. According to the…
Installed power generation capacity will reach 85,000 megawatts by the end of the current fiscal (started March 21), head of Thermal Power Plants Holding Company said. "Almost 1,100 MW of new…
Japan's Tokyo Gas said on Friday it has signed a heads of agreement with Royal Dutch Shell for 500,000 tons per year of liquefied natural gas, with the purchase based partly on a coal-linked…
Renewable energy demand and capacity are growing explosively. When looking at numbers for wind energy production, China stands above all other countries. Figures released by the Global Energy…
Pipe laying to expand crude oil and derivatives supply is expected to be completed soon, chief executive officer of the National Iranian Oil Refining and Distribution Company said. "The 400-km…
OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and…
Oil refiners are getting ready for a boom. The plants in Europe and the US are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the…
Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company will start exporting crude from the port of Jask in southern Hormozgan Province in 2021.
"NIOC will start using…
Energy Minister Reza Ardakanian on Sunday broke ground for three desalination units in Bushehr Province off the Persian Gulf as part of plans to provide the southern province with potable water…
The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024…
Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was talking…
Pipe laying work to connect South Pars Gasfield onshore refineries in Asalouyeh to the ninth Iran Gas Trunkline (IGAT-9) is almost complete.
Four phases of the giant South Pars Gas Field off the Persian Gulf were officially launched Sunday in the presence of President Hassan Rouhani and Oil Minister Bijan Namdar Zangeneh. Speaking…
The government and Majlis have completed feasibility studies on a project to transfer water from the Oman Sea to five provinces, a member of Majlis Urban Affairs Commission said.
Total precipitation since Sept. 23, when the current water year started, shows a 122% rise compared to the corresponding period last year, reducing to some extent the huge water deficit…
Islamabad appreciates Tehran's efforts to provide it with electricity and is hopeful of renewing its power import agreement.
The Petrochemical Research and Technology Company has started providing domestic petrochemical companies with SAC500 catalyst to augment production of value-added goods, the managing director…
More than 700,000 transformers are used in the domestic power distribution network and according to statistics one-third are worn out and need to be replaced, a member of Iran Electricity…
