Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, has signed contracts with three private companies to build six offshore vessels.
Energy
Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency said Tuesday.…
The cost of producing renewable energy in Iran, similar to many other parts in the world, has declined 2.5 times in two years, deputy energy minister, Seyed Muhammad Sadeqzadeh, said Sunday.…
The Persian Gulf Petrochemical Industries Company is undertaking nine petrochemical projects worth $8.5 billion, the company’s managing director said. "When completed in 2021, PGPIC output,…
The number of electricity meters nationwide has reached 35.5 million with 3.5 million new consumers having joined the national grid since 2015. According to ISNA, household, agriculture,…
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said…
Russia exported 36.65 million barrels less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to reduce global supply. This is what…
Mexican President Andres Manuel Lopez Obrador detailed plans to “rescue” the national oil industry by boosting crude production at the state-owned oil company by 45% before 2025. Lopez Obrador…
After flooding the US market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude…
Unipec, the trading arm of Chinese state oil major Sinopec and China’s largest buyer of US crude oil until recently, is set to resume purchases from the United States “very soon,” and volumes…
Power consumption in Iran has risen by an average 5.5% per annum in the past 40 years – an increase over and above the population growth rate. The growing consumption has become a cause for…
The National Petrochemical Company's revenues are estimated to exceed $12 billion by the end of the current fiscal in March, Behzad Mohammadi, the new head of NPC said Saturday.
OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC…
Construction work on Hengam Combine Cycle Power Plant in southern Hormozgan Province is halfway through and its gas unit will come on stream next summer, director of the project Alireza…
Oman will cut oil output by 2% from January for an initial period of six months, according to a letter sent to customers of Omani oil by the country’s oil and gas ministry. The output…
Plans to build large dams have been removed from the Energy Ministry agenda, the head of Iran Water and Power Resources Development Company said.
Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don’t get on the bad side of Washington in case the 180-day sanction…
While the program to again use fuel cards is due to be launched soon, Bijan Haj-Mohammadreza, head of the Filling Stations Union, says almost half the pumps at the gas stations are not equipped…
US crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Wednesday, but at a record 10.88 million…
Iran's power industry needs new funding and investment to continue its expansion program but is facing serious challenges, the managing director of Iran Power Generation, Distribution and…
The National Iranian Drilling Company has the ability to raise the bar when it comes to performing air drilling operations in compliance with international standards, head of air drilling at…
Renovation of the first phase of a water supply system from Minab Dam to Bandar Abbas in southern Hormozgan Province was completed on Tuesday. "Preventing wastage of treated water at Minab…
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American…
In the framework of the policy to expand gas supply to the deprived regions, Zabol city in southeastern Sistan-Baluchestan Province will be supplied with compressed natural gas soon, the…
To prevent instability in power supply in Khuzestan Province and curb blackouts, nine mobile substations will be synchronized with the national grid by March, the managing director of Khuzestan…
