Phase 13 of the giant South Pars Gas Field in the Persian Gulf started injecting ethane to onshore refineries in Pars Special Economic Energy Zone, operator of the phase said. Payam Motamed…
Energy
South Korea imported no Iranian crude for the fourth straight month in December due to the re-imposition of US sanctions on Tehran, while intakes from the US and Kazakhstan rose sharply as…
Russia’s government approved on Thursday a ten-year modernization program for Russian power plants, expected to attract $28.8 billion in private investments in the sector, Energy Minister…
Iranian companies active in the water and power sector signed memorandums of understanding with the Russian Power Machines Company at the weekend in Tehran. Energy Minister Reza Ardakanian…
OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters. Worried by…
The mind boggles when officials take turns in proudly announcing that plans are underway to complete 120 dams across the country, of which 43 "must" be ready by 2022. Of the 172 dams in Iran…
Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped…
Crude oil and petroleum products’ swap deals have expired and are not extended yet, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said.
Thirty-one power plants are under construction in 27 provinces and will add 19,000 megawatts to the national capacity, the Energy Ministry said.
National Iranian South Oil Company and Iran Central Oil Fields Company, both subsidiaries of the National Iranian Oil Company, signed contracts with domestic oil and gas companies on Tuesday to…
Oil Minister Bijan Namdar Zanganeh launched a natural gas project on Monday in Jiroft, a well-known farming city in southeast Kerman Province. Speaking on the sidelines of the inauguration…
The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on…
Forty water and wastewater treatment plants will be launched across the country in February, deputy for engineering and development affairs at the National Water and Wastewater Company said.
The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows. DNV, a…
Development of each phase in South Pars Gas Field adds to the gross domestic product by 1%, managing director of the huge gas complex said. "The share of fossil fuels in Iran's energy basket is…
Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018. Brent crude oil futures were…
The National Iranian Drilling Company has drilled and repaired 105 onshore and offshore wells since last March, the company’s deputy managing director for drilling operations said.
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a…
Oil Minister Bijan Namdar Zanganeh said Sunday gasoline needs are now fully supplied by domestic refineries and imports ended in September. "Gasoline production has reached 95 million liters…
Fuel consumption is over and above global standards and 40% of the energy is lost before it reaches consumers, the director of Iran Fuel Conservation Company said.
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the kingdom’s gas to the United Arab Emirates, Kuwait, and…
America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale-oil boom, the US is already producing more crude than either Russia or Saudi…
Tokyo Electric Power Company Holdings has signed a memorandum of understanding with Danish energy business Orsted to work together on offshore wind projects.
Khazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said.
Second phase of the project to transfer water from Aras River to East Azarbaijan is awaiting funds, director of the provincial Regional Water Company said. "Construction of phase 2 is estimated…
