Annual natural gas transfer capacity has increased by 20 billion cubic meters over the last two years. Data released by the National Iranian Gas Company news portal shows 260 bcm of gas can be…
Energy
Thermal power plants accounted for almost 94% of total electricity production in the last 10 months, managing director of the Thermal Power Plants Holding Company said.
Domestic companies are facing chronic shortages of polyethylene terephthalate, commonly known as PET because the key raw material is being exported in bigger volumes. According to data…
Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC, but the US shale revolution has helped to prevent…
To provide Parsian Gas Refinery with more natural gas as feedstock, production from the Pazan and Madar gas fields in Fars Province is on the agenda of South Zagros Oil and Gas Production…
Renewable energy is the most cost-effective compared to all other traditional sources to generate power, head of Renewable Energy and Energy Efficiency Organization (Satba) said Wednesday.
Iran will have 10,000-megawatt power deficit in the coming summer, said Tuesday the head of the Federation of Iranian Energy Exports Industries in Tehran.
Iran has bettered Qatar in developing its share of the joint South Pars Gas Field over the past six years. South Pars is the world’s largest gas field located on the joint border between Iran…
Electricity experts from Iran, Russia and Azerbaijan are in Moscow, discussing technicalities of creating an energy corridor that envisages the export of electricity from Russia to Azerbaijan…
Oil inched lower on Tuesday to extend losses of more than 3 % from the previous session, easing after US President Donald Trump called on OPEC to rein in its efforts to boost prices.…
Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day…
The National Iranian Drilling Company has drilled and repaired 123 onshore and offshore wells over the past 11 months, the company’s deputy managing director for drilling operations said Monday…
Crude oil exports from Iraq’s southern ports on the Persian Gulf stand at around 3.565 million barrels per day so far in February, two oil executives told Reuters on Monday. Exports from…
Untapped hydrocarbon reserves are huge and encouraging the private sector to enter this key sector should be a priority.
The UK's Unite trade union on Saturday approved plans for industrial action at Total's North Sea oil and gas fields, including the Shetland Gas Plant, as a dispute over offshore rotas flared…
Phase 14 of South Pars Gas Field in the Persian Gulf has registered 84% progress, said the energy deputy at the Industrial Development & Renovation Organization of Iran. No foreign…
The number of greenfield oil and gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.…
As Pakistan faces worsening water scarcity - and trouble sourcing international cash for hydropower dams it says it needs - it has turned to an unlikely source of cash: A fundraising campaign…
Global natural gas demand will rise by almost 50% over the next 23 years and Iran will be among the major suppliers alongside Russia and the United States.
US crude oil production hit a record 12 million bpd in the week ending February 22, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly US Energy Information…
Construction of a new petrochemical complex in Andimeshk, Khuzestan Province, started at the weekend. The project seeks to develop the value chain of methane as in the first phase. Annual…
The Energy Ministry has settled $1 billion of its debt to private power plants over the past 11 months. According to IRNA, the ministry owes $2.6 billion to private contractors. Due to the…
Liquefied natural gas prices in North Asia, the world’s biggest market for the fuel, have slumped to the lowest in 17 months as the peak demand season ends with a whimper.
Iran has taken noticeable steps in recent years to develop its green energy sector and has the potential to emerge as a regional Green energy hub. Austrian Ambassador to Iran Stefan Scholz made…
A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting…
