Due to government funding constraints and financial pressures, private companies have taken on the mantle of developing renewable energy, head of Iran's Renewable Energy and Energy Efficiency…
Energy
Ethane production capacity in Asaluyeh in the southern Bushehr Province will rise by 2 million tons per annum upon the inauguration of four new phases of the South Pars Gas Field in Persian Gulf…
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh…
South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
Brent crude oil briefly reached 2019 highs above $65 per barrel on Friday, as OPEC-led supply cuts and the announcement of a higher-than-expected cut by Saudi Arabia this week encouraged…
Three thousand rural areas have been connected to the gas grid since the begging of the current fiscal (ends in March), the managing director of the National Iranian Gas Company said.
Privatization of power plants has been suspended until further notice as per a presidential order, managing director of Saba Power and Energy Industry Holding Company told the Persian daily…
Domestic petrochemical output reached 44.8 million tons in the first ten months of the current fiscal (ending in March) and exports generated over $9.7 billion. Twenty petrochemical plants in…
OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked to comment on a US House committee passing a bill targeting OPEC oil…
Iran's heavy crude oil gained $1.45 or 2.6% per barrel in January compared to December when it was traded at $54.84 per barrel. Iran Heavy, one of the country's main grades for export,…
The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the…
A flurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP. His comments come at a time when energy market…
Iran is a dry and semi-arid country with limited water resources and limited rainfall; however, considering its vast land area, diverse climate, high altitude, vast plains and long coasts, there…
Venezuela's oil minister is in New Delhi this week hoping to convince India's key refiners to buy more of its crude and forge closer ties as the South American nation finds itself…
OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the…
Iran's liquefied petroleum gas shipments, which hit a trough in December at 101,000 tons, increased four-fold in January. The National Iranian Oil Company exported 400,000 tons of LPG last…
Four more phases of South Pars Gas Field in Assaluyeh, Bushehr Province, will go on stream in the near future, the oil minister said. "Phases 14, 22, 23 and 24 will become fully…
Iran can buy several million cubic meters of water from Afghanistan in exchange for gas and electricity, a Zabol lawmaker said. Over the past year, Afghanistan has blocked the flow of water…
Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as US sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of…
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A committee from the US House of Representatives has approved a bill aimed at making OPEC members liable to US antitrust legislation, Reuters reported, adding the prospects of the bill ending up…
Iraq is interested in expanding technical and engineering collaboration with Iran, the country’s Electricity Minister Luay al-Khateeb said during a tour of MAPNA Industrial Group’s technical and…
Gasoline inventories show a three-fold increase compared to last year, director of supply and distribution at the National Iranian Oil Products Distribution Company said Sunday. "Gasoline…
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white…
Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil, at reduced levels, as New Delhi has put forward a strong case to Washington that it…
Oil Minister Bijan Namdar Zanganeh says Iran has turned to the sale of Islamic bonds to finance oil projects. "The first sale of bonds to fund our oil output augmentation projects worth $6.2…
