Although cold weather usually sweeps through large parts of Iran in the winter seasons, export of natural gas to neighboring counties continues as agreed and it is likely that Europeans could…
Energy
A 1-megawatt solar power plant and 52 small-scale photovoltaic systems were launched at the weekend in Bardsir, Kerman Province. The plant was built by a private company in nine months at a…
Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices. OPEC members and allies including…
Global gas production grew at a record clip in 2018, driven by North America. The industry achieved a net production increase of 164 billion cubic meters, which represents the highest…
The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to…
Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.…
China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations…
Output from hydroelectric power plants will reach 10,500 gigawatt hours by the end of the current fiscal in March, director of Iran Hydroelectric Power Management Center Farbod Estiri said.…
Iran's Research Institute of Petroleum Industry signed a contract with a private company to indigenize hydrocracking and reduced crude desulfurization (RCD) catalysts used for gasoline…
Adding 5,000 megawatts of renewable energy to the present 670 MW renewable output will help create 100,000 jobs, a member of the Iran Chamber of Commerce, Industries, Mine and Agriculture said…
Crude oil production from members of OPEC is expected to fall to below 30.73 million barrel per day by the end of this year, the group's lowest monthly output since February 2015, the US Energy…
Pars Oil and Gas Company has been commissioned to develop the second and third phases of Kish Gas Field, the second largest in the Persian Gulf after South Pars, the managing director of the…
To help ensure stable supply of potable water in Bushehr Province, one the country’s most water-stressed regions, desalination plants have been set up along the coastal areas off the Persian…
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday. Vakt, already in use…
Natural gas prices spiked on Monday as the market gained confidence that the severe cold gripping the United States will persist longer than previously thought, driving up heating demand and…
Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month,…
OPEC plans to publish this week quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told…
Energy Minister Reza Ardakanian on Monday inaugurated a water supply project in the town of Maraveh Tappeh in northern Golestan Province. According to the Energy Ministry news website, the $1.5…
Compressed natural gas stations have the capacity to supply 40 million cubic meters of CNG, but at present are operating at half capacity as lesser number of motorists are buying the eco-…
An estimated €2 billion in foreign investment has been made in Abadan Oil Refinery in the southern Khuzestan Province in the past two years, CEO of the National Iranian Oil Refining and…
A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday. The cargo marks the first Iranian…
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand…
Two petrochemical companies in southern Bushehr Province, Kaveh Methanol Complex and the first phase of Bushehr Petrochemical Complex, will be inaugurated by the end of the current fiscal in…
Selling crude to potential customers is a challenging enterprise when a country is under sanctions, but Iran has found shadow markets that can help it continue to sell oil.
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity…
