The first 20,000 ton methanol consignment produced by Marjan Petrochemical Company in the southern city of Asalouyeh in Bushehr Province was shipped from Pars Special Economic Energy Zone on the…
Energy
Iran has proved that it has great potential for investment given its abundant and untapped hydrocarbon resources and collaborating with oil majors can help it raise energy output.
Rhetoric from the United States that it wants to reduce Iran’s oil exports to zero is hot air and more akin to “political bluff”, the head of state-run National Iranian Oil Company said on…
Foreign companies have signed contracts to invest in small power production projects in Mazandaran Province, managing director of Mazandaran Regional Electricity Company said. Hossein Afzali…
OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of US legal action for manipulating the…
Mangalore Refinery and Petrochemicals, a subsidiary of India’s Oil and Natural Gas Corporation, expects India to receive this month a waiver from the US sanctions on Iranian oil, Mangalore’s…
Oil prices ticked higher on Wednesday on expectations that US crude inventories are falling and signs that oil producers will stick to agreed output cuts that took effect this week.
Iran officially started spot oil trading on its energy exchange on Tuesday with the National Iranian Oil Company publishing a notice of offer on Monday, in which it outlined the terms and…
Inadequate supplies are posing serious challenges to the international oil market and the ensuing problems cannot be addressed with empty slogans or by bullying from the Trump White House.
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Namak (Salt) Lake in Qom Province is drying up and if it is not provided with enough water resources, nearly 25% of the country’s population will face the problem of dust storms soon, a lawmaker…
Petrochemical output reached 27.3 million tons in the first six months of the current fiscal ending on September 22 and generated $6.3 billion in export revenues.
According to Shana, the…
Russian energy minister Alexander Novak discussed bilateral and OPEC+ cooperation with Iranian Oil Minister Bijan Namdar Zanganeh in Moscow, according to a statement released by the Russian…
India’s oil demand is expected to rise by 5.8 million barrels per day by 2040, accounting for about 40% of the overall increase in global demand during the period, OPEC’s secretary general said…
Jam Petrochemical Company in the southern port city of Asalouyeh in Bushehr Province produced 250,000 tons of polymer products in the first five months of the current fiscal (March-Aug.), of…
The sole hydroelectric power plant in Isfahan Province was shut down at the weekend due to the acute water shortage that has left Zayandehrud Dam with very little water, said the director of the…
South Korea imported no Iranian crude in September -- for the first time since September 2012 -- ahead of the looming reimposition of US sanctions on Tehran, preliminary data released by Korea…
By the end of the Sixth Five-Year Economic Development Plan (2016-2021), 1,000 kilometers of dilapidated and rusted water pipelines in the suburbs of Tehran Province will be replaced to curb…
China is expected to become the world's biggest importer of natural gas for the first time in 2018, overtaking longtime leaders Japan and South Korea.
The increase in China's imports…
Two onshore natural gas sweetening trains in Phases 13 as well as 22-24 of South Pars Gas Field in the Persian Gulf are ready to inject gas into the national grid, said the managing director of…
Given the huge difference between fuel prices in Iran and the neighboring countries due to the dramatic rise in foreign exchange rates in recent months, fuel smuggling has increased tremendously…
The first small-scale liquefied natural gas plant will be built in Kerman Province, said the research and technology director of the National Iranian Gas Company.
NIGC announced a tender…
India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said.
Oil…
New customers have been introduced for buying oil despite the fact that some former clients have stopped imports from Iran, Vice President Eshaq Jahangiri said on Sunday.
“America will…
The world is pumping out more oil and other petroleum liquids than ever before.
Global supply rose to 100.3 million barrels per day in the third quarter, the International Energy Agency…
The first trial-based electricity supplies from Russia to Iran via the Russia-Azerbaijan-Iran "North-South" energy corridor are expected to start in 2019, Russia’s Energy Ministry…
