Renewable energy capacity will increase by 3,000 megawatts up until 2021, the energy minister said in a meeting with a visiting German economic delegation.
Energy
Close to 13,000 megawatts of electricity generation capacity has been added to the national grid with the help of private companies over the past decade, director of private power plant projects…
JXTG Holdings, Japan’s biggest oil refinery operator, is considering whether to resume Iranian oil purchases after Japan was granted a waiver from US sanctions targeting Iran, Senior Vice…
Gazprom said a Swiss court has issued an injunction blocking payments from the operators of the Nord Stream gas pipeline as part of a legal dispute between the Russian gas producer and Ukraine’s…
Forecasts of a more extended November cold snap across the US sent natural gas prices to a near two-year high, as investors worry about rising demand at a time when supplies are at the lowest…
A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.
Prior to implementing the much talked about gasoline rationing system, Iranian people will be informed about the details, a government official said. "Nobody should be kept in the dark about…
Not purchasing any oil from Iran for four consecutive months was not Seoul’s choice, it was indeed part of a strategy “premised on sagacity” to be able to win waivers from the United…
Tabriz Petrochemical Company in East Azarbaijan Province will be connected to the West Ethylene Pipeline, a 1,200km pipeline that runs from Asalouyeh in the south to West Azarbaijan Province in…
Turkey has been granted a waiver of around 25 % on US oil sanctions against Iran, Turkish Energy Minister Fatih Donmez said Friday, amounting to around three million tons of oil annually.…
A diesel hydrotreating unit started operating at the Bandar Abbas Oil Refinery in Hormozgan Province to help improve the quality of products in compliance with Euro 4 standard, said the refinery…
Russian energy majors are putting pressure on western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against…
Gas supply to thermal power plants has risen by 6.6% over the past seven months compared to last year, a deputy manager at the Thermal Power Plants Holding Company said. "Almost all (95.5%)…
China has recently overtaken Japan to become the world’s biggest importer of natural gas and will likely keep that crown as pipeline and liquefied natural gas infrastructure grow, according to…
Iran Oil Minister Bijan Namdar Zanganeh says the Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC) in charge of monitoring a deal between OPEC and other oil…
Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crude to allow it greater flexibility in procuring supplies, a spokesman said. “Eni is examining the…
Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy. Futures in New…
Close to 85% of equipment used in solar power plants has been indigenized and renewable stations continue to function normally despite the new US sanctions, a deputy energy minister said Monday…
Due to the systemic decline in precipitation over the past several years, hydropower plants did not generate as much power as needed and that led to problems in power supply in some regions in…
Oil prices fell on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.…
A desalination unit in Sirik County, off the coast of Sea of Oman in the southern Hormozgan Province, was launched on Thursday. The facility provides 8,000 people with potable water, ISNA…
An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources…
China’s Sinopec and CNPC are speeding up drilling and exploration from major shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports…
International Energy Agency data show Iran paid $45 billion in energy subsidies in 2017, a member of the Tehran Chamber of Commerce said. "The data indicate a 55% growth in energy subsidies…
Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming US sanctions, two sources at the company told Reuters. The National Iranian Oil Company…
